On March 14, the Matrixport report disclosed that although the recent weakening of the US dollar has pushed global liquidity indicators to rebound and inflation data has also improved slightly, the memin sector in the cryptocurrency market is still performing in a sluggish manner and shows no signs of recovery. The report pointed out that the altcoin market began to decline after peaking in early December 2024, and the memecoin bubble burst in January this year, causing the total market value of the cryptocurrency market to decrease from US$3.6 trillion to US$2.6 trillion. Although the Solana-based Pump.fun platform has generated more than US$582 million in revenue in the past 12 months, revenue growth has declined rapidly in the near future. The report also mentioned that the closing of arbitrage positions by hedge funds is the main driver of recent selling pressure on Bitcoin, which may be approaching its maximum intensity.