As the US-Russia summit concludes and the US PPI exceeds expectations, market sentiment immediately cools, now fluctuating around 117,200. In this wave, aside from profit-taking, over 1 billion USD in leveraged positions were liquidated, and both short and long positions are starting to pull back.

ETH peaked at 4660, currently around 4420, with a slightly heavier decline than BTC, but ETF funds are still steadily flowing in, and with the benchmark directly raising the year-end target price to 7500, long-term bullish sentiment remains.

Overall, it feels like a breather before entering a consolidation phase; let's patiently wait for the next news catalyst to make a move.