BTC fluctuates down to 113,000, ETH approaches its previous high, long-short ratio leans towards long but the capital situation is calm

After experiencing a significant tug-of-war over the past weekend, the cryptocurrency market is still hovering at a critical position this morning. BTC and ETH show a divergent trend, with cautious market sentiment leaning towards bulls.

As of the time of writing, BTC is priced at $113,462, with an intraday high of $115,579 and a low of $111,910, maintaining a fluctuating pattern in the short term.

ETH is priced at $4,781, with an intraday high of $4,951 and a low retracing to $4,725, just a step away from its historical high.

In terms of market sentiment, data from Coinalyze shows that the long-short ratio for ETH is approximately 1.78 — favoring bulls, with increased buying willingness, indicating market confidence in ETH's mid-term outlook. However, it should also be noted that a high long-short ratio often implies short-term volatility risks.

Regarding capital flow, there are currently no large whale transfers or special ETF inflow/outflow records today, indicating that large funds are still waiting on the sidelines and have not chosen to enter or exit significantly.

On the regulatory front, there are currently no new policies or regulatory actions in major global markets, and the overall environment remains stable, with investors' focus still on the Federal Reserve's policy expectations and the capital momentum of cryptocurrency assets.

BTC is still in a range consolidation, while ETH shows a strong posture to break new highs. The long-short ratio leans towards long, indicating strong confidence in ETH's capital structure, but lacking significant capital inflows, the short-term market still requires caution.

👉 Do you think ETH can break through its previous high and continue to strengthen? Or will it fall into fluctuations due to cautious capital flow? Feel free to share your views in the comments!