PANews, August 26 news, according to Glassnode data, BTC rose to $117,000 last weekend, but then quickly fell back to $111,000, showing an increasing volatility in the market. The spot market momentum has weakened, the RSI is close to the oversold area, selling pressure is deepening, and trading volume remains stable but buyer confidence is weak. In the futures market, leverage has decreased, funding rates have risen, and speculative demand shows signs of fatigue. Regarding ETFs, the outflow of funds from U.S. listed spot ETFs reached $1 billion, trading volume has decreased, and institutional demand has cooled. On-chain data shows that daily active addresses and transaction fees have decreased, network usage has declined, and transfer volumes have increased due to volatility. Overall, the market has shifted from frenzy to caution, and future trends will depend on the possibility of liquidity returning to stability or further adjustment.