Comprehensive On-chain and Market Information: Coinbase short-term net inflow of USDT 33.7179 million, Bitmine, WLFI, and whales continue to increase their holdings of ETH/WBTC, while Kraken's large withdrawals and multiple institutional fundraising plans indicate long-term capital entry 📈; however, ETH contract positions have decreased by 5.45% in 24 hours, with $394 million liquidated in the past 24 hours and several tokens facing centralized unlocking, leading to short-term selling pressure and liquidity risks 🔓📉. Overall, institutional absorption and deleveraging coexist, with short-term volatility rising and the market showing a slightly bullish consolidation pattern. In summary: Institutional buying and large position absorption support prices, but deleveraging and token unlocking bring short-term volatility, resulting in an overall slightly bullish market consolidation.