According to CoinMeta, and as reported by moneycontrol, Bitcoin rebounded rapidly last week to near $80,000, and the spot trading volume on major Indian cryptocurrency exchanges generally increased by more than 20%. Among them, the daily spot trading volume on coindcx once rose from about 5 million US dollars to about 13 million US dollars, and the weekly spot volume on mudrex increased by about 20%. However, local industry insiders remain cautious about the sustainability of the market trend, believing that this round of gains is partly driven by policy expectations and short covering. In the future, it will be important to monitor whether spot funds can continue to flow in, rather than simply tracking the speed of the rise.