[Gate Research Institute Report Indicates Crypto Market Continues Volatile Recovery While AI and Privacy Computing Sectors Strengthen] The Gate Research Institute released a report stating that, under the backdrop of the Federal Reserve's expected rate cut but lingering uncertainties, global risk appetite remains constrained. The crypto market continues its volatile recovery pattern, with BTC and ETH maintaining range-bound consolidation. Capital behavior leans towards defensive strategies and short-term rotations. Data shows that the overall market cap of the top 500 tokens has risen moderately, but structural divergence is significant. Tokens related to AI applications and privacy computing have shown periodic strength, while assets with weak consensus or high beta have seen notable pullbacks. Volume and price analysis indicates that trading volume increases are primarily concentrated in the mid-to-small market cap range, with few assets achieving true volume-price resonance. Trend-driven capital has yet to fully return, and the market has entered a phase of refined pricing.