The cryptocurrency market is currently experiencing increased volatility, influenced by geopolitical risks and institutional dynamics. The Bitcoin sentiment index continues to decline, possibly testing support levels of $102,000 to $103,000, and investors should be wary of 📉 pullback risks; Ethereum contract traders are frequently switching positions, accompanied by a whale selling 1,692 ETH ($4.31 million) and institutions like ConsenSys buying 5,463 ETH, indicating fierce long and short battles 💥. ETF data shows that the Ethereum spot fund had a net outflow of $2.176 million yesterday, ending a 19-day inflow, reflecting outflow pressure 📉. On the institutional side, BlackRock holds 3% of the total Bitcoin supply, DRW Investments purchased $100 million in Trump media stock, and Manifold is suspected of buying $2 million in CRV, boosting market confidence 💼. Geopolitical events such as the Iran-Israel conflict and the Japanese Prime Minister's call to lift tariffs are increasing uncertainty; regulatory progress includes the SEC approving Trump's S-3 statement, and the Ethereum Foundation providing $1.25 million in legal aid, which may boost community morale 🌟. Overall, in the short term, cryptocurrency assets face selling risks, but institutional positioning signals are positive. It is advisable for investors to cautiously allocate and pay attention to rebound opportunities at support levels 📈. Maintain risk management to prevent liquidation (with $259 million liquidated across the network in the last 24 hours).