February 24 News, Bitcoin continues to be under pressure amid market "extreme panic" sentiment, with the price once dropping to around $62,700. It then rebounded slightly above $63,000, with a 24-hour decline of over 3%. The overall crypto market also weakened, with the total market capitalization of digital assets falling back to approximately $2.25 trillion. Meanwhile, mainstream assets such as Ethereum, XRP, and Solana have all experienced varying degrees of correction, indicating a significant cooling of risk appetite. Presto Research analyst Min Jung pointed out that this recent drop below $63,000 for Bitcoin reflects more of a deterioration in market sentiment rather than a single fundamental change. Macroeconomic uncertainties regarding tariffs and rising geopolitical risks have led funds to shift toward safe-haven assets, weakening short-term demand elasticity for crypto assets. The Fear and Greed Index has fallen to 5, in the extreme pessimistic range in history, indicating that market sentiment is approaching a temporary bottom.

On February 11, experts stated that the tokenization of real-world assets (RWA Tokenization) is still in the early stages of market hype, but its long-term potential is being accelerated and validated by traditional financial institutions and blockchain companies. As public blockchain infrastructure like Ethereum gradually matures, asset onboarding is being viewed as a vital part of the future financial system. Min Lin, Managing Director of Global Expansion at Ondo, pointed out at the Hong Kong Consensus Conference that the US Treasury bond market alone is valued at $29 trillion. When combined with the global stock market, the total scale approaches $127 trillion, with the US accounting for about $69 trillion. This scale means that even a very small percentage of assets going on-chain is enough to trigger a structural change in the entire crypto financial ecosystem.