The current cryptocurrency market continues to show a volatile downward trend, with ETH breaking through the $3800 mark, currently reported above $3800, and a 24-hour increase of approximately 1.5%. BTC is fluctuating in the range of $118,000 to $120,000, maintaining a dominance of 59.6%. The market exhibits characteristics of both institutional capital inflow and extreme selling pressure: the Ethereum arms race is accelerating, with institutional funds actively flowing in to drive a rebound; however, this week’s selling volume has reached an extreme level in the top 7% historically, indicating significant bearish pressure.
Corporate Bitcoin reserves continue to warm up, with macro policies and corporate behavior becoming long-term supporting factors. Caution is advised regarding geopolitical and weekend liquidity risks, suggesting a phased light position in BTC, prioritized over assets like ETH, and strict stop-loss measures should be set.
