Epic rebound! The total market capitalization of encryption returns to 4 trillion USD, SNX rises over 100%, and market optimism returns.

The cryptocurrency market experienced a strong rebound after last Friday's big dump of nearly $500 billion in market capitalization. Last Sunday, the total market capitalization surged back to over $4 trillion. This round of rebound was led by mainstream blue-chip coins: Ethereum (ETH), BNB, and Dogecoin all saw daily rises of over 10%. Among them, Synthetix (SNX) even surged over 100% at one point, surpassing the price before the big dump and setting a new high for 2025. The trigger for this big dump was U.S. President Trump announcing a 100% tariff on Chinese goods. However, after Trump stated "there's no need to worry about China," market sentiment quickly eased, and analysts are generally optimistic that this lays the foundation for Bitcoin to aim for $200,000 by the end of 2025.

Market Wide Recovery: Blue Chip Coins Lead the Rise, SNX Hits New High

· Total market capitalization returns to 4 trillion: After the most severe liquidation event in history, the crypto assets market has shown strong resilience, successfully recovering on Sunday and standing back above the 4 trillion dollar mark.

· The rise of mainstream coins is astonishing: Major blue-chip coins recorded double-digit rises in the past day:

• Ethereum (ETH): rise 10.5%
• BNB: big pump 13.6%
• Dogecoin: rise 12.5%
• Solana (SOL), Cardano (ADA), and Chainlink (LINK), among other major altcoins, also saw an increase of over 10%.

· SNX Dramatic Surge: Synthetix (SNX) briefly surged over 100%, not only fully recovering from the big dump losses but even reaching a new high for 2025. Small market cap tokens like Mantle (MNT) and Bittensor (TAO) also saw increases exceeding 30%.

Review of Big Dumps and Rebound Signals

· Tariffs and Rare Earth Panic: This big dump caused Bitcoin to fall from $121,560 to below $103,000, triggered by President Trump announcing a 100% tariff on Chinese goods as a countermeasure against China's restrictions on rare earth mineral exports.

· Technical issues exacerbate panic: Market panic is also intensified by technical factors, as the front end of major exchanges briefly shows multiple altcoin prices at $0, while USDe synthetic dollar decouples from the CEX due to internal oracle issues.

· Trump's Remarks Turn the Tide: The timing of the market's rebound coincided with Trump stating that "there is no need to worry about China" and claiming that the intent of the United States is to help rather than harm China. Although the price has not fully recovered to the levels before the big dump, Bitcoin is currently trading at $115,585, but the strong rebound has restored confidence in the market.

Bull Market Optimism Soars: Golden Cross and Institutional Bottom Fishing

· "Golden Cross" Indicates Big Rise: Crypto analyst Mister Crypto pointed out that Bitcoin is re-testing the "Golden Cross", a bullish technical pattern. This pattern has historically indicated huge rises, including a 2,200% increase in 2017 and a 1,190% increase in 2020. He believes that once the breakout is confirmed, the price of Bitcoin will "absolutely explode" in the coming weeks.

· Market Confidence Returns: Trader Alex Becker believes that it is "very likely" the start of a bull market; Jan3 founder Samson Mow simply stated, "It's time for Bitcoin to welcome the next wave of rise." Although analyst Mac predicts that there will not be a significant big pump in the short term, he believes there may be "more upward fluctuations" in the coming week.

· Institutions seize the opportunity to bottom fish: This pullback is seen by multiple institutions as a "great buying opportunity":

• BitMine Immersion Technologies: This largest enterprise Ethereum asset holding company quickly acquired over 128,700 ETH after the big dump, worth approximately $480 million. Executive Chairman Tom Lee believes that any sell-off without structural changes is a "good buying opportunity."
• Strategy (MicroStrategy): Executive Chairman Michael Saylor posted the company's Bitcoin holdings chart on X, captioning it "Don’t Stop ₿elievin’", suggesting that his company may have also engaged in buying the dip.

Conclusion

The crypto market has remarkably recovered from the largest liquidation wave in history at an astonishing speed, demonstrating its strong resilience and that the bullish structure has not been destroyed. The big dump triggered by geopolitical shocks was quickly digested and regarded by institutions as a healthy "washout" and a good opportunity to buy the dip. With Bitcoin's bullish "golden cross" pattern and the involvement of institutional funds, market optimism is high, believing that Bitcoin reaching the target of $200,000 by the end of 2025 is still full of hope.

Disclaimer: This article is for informational purposes only and does not constitute any investment advice. The crypto market is highly volatile, and investors should make decisions with caution.