On-chain Data Briefing:

BTC: Market cap 2.25 trillion, price 113,000 USD, daily drop 2.13%.

Long-term value goes without saying, but on-chain data shows that recent net inflows to exchanges have increased, indicating that short-term selling pressure is accumulating. However, institutional holdings remain robust, and ETF funds continue to see slight inflows, with the overall bullish trend unchanged.

ETH: Market cap nearly 500 billion, price 4100+, daily drop 4.12%, trading volume as high as 26.2 billion.

High activity levels indicate intense bullish and bearish competition. Current liquidation points are concentrated around 4000/4300 USD, and any breakout could trigger large-scale liquidations. On the narrative front, ETFs and the L2 ecosystem continue to provide support, with the key being whether funds can maintain the psychological level of 4000 USD.

XRP: Price 2.89 USD, down 5.25%, weekly drop 18%.

Short-term pressure from regulatory shadows is evident, with clear outflows on-chain. However, the unique positioning in cross-border payments still exists, and once the lawsuit is settled, it could become an unexpected dark horse in the market. Here, patience is tested.

BNB: 827 USD, daily drop is not significant, weekly rise 8%.

Not relying on narratives, but on the ecosystem. The activity in BNB Chain’s DeFi and GameFi remains high under Binance's endorsement, with significant fee advantages. The growth logic of BNB is to continuously lock users and applications into the ecosystem.

Short-term volatility is normal, but on-chain and capital flow signals are more worthy of reference.

BTC/ETH remains the core of large capital games, XRP is a high-risk potential turnaround, while BNB represents a stable ecosystem.

Regardless, view volatility rationally and don't be swayed by emotions and noise. Proper position management is key.