Tonight, the crypto market seems to have a subtitle of "polarized emotions." BTC has once again fallen below the 110,000 mark, leaving people feeling a bit chilly; however, ETH, with its relatively strong performance, has quietly become the "small safe haven" for market observers. This is a struggle between "panic" and "expectation."

Currently, BTC is priced at approximately 111,000 USD, although it has stabilized somewhat from the early session, it still remains below the "life-and-death line" of 110,000 support. CryptoRank The Economic Times

ETH is priced at approximately 4,600 USD, supported by a series of institutional buy orders, and it seems more like the key asset the market uses to "test the strength of the bottom." Barron's AInvest

Although the long-short ratio data has not yet been updated, market sentiment has already dissipated—from last night's shocking drop in BTC to the relative strength of ETH, this contrast itself is a signal: the bulls are still trying to hold onto the market, while the bears could trigger the next wave of selling pressure at any moment.

There are no new whale trades or abnormal ETF inflows and outflows detected on-chain. However, the familiar "potential plot" continues to unfold: some institutions continue to bet on ETH, and short-term capital competition remains the main engine of market sentiment. AInvest

Tonight, the regulatory environment remains "silent." But behind the scenes, there is a murky undercurrent: the US stock market and macro policies are forming a hedging logic. If BTC loses the 110,000 mark, it may trigger a new round of emotional damage; ETH has become an important outlet for capital to hedge risks. Barron's AInvest

BTC falling below 110,000 is a signal of "spreading panic"; ETH's slight stability is the watchlight for "waiting for the tide." Investors will decide their next step amidst these intertwined emotions: whether to enter and relay or to turn back and observe.

👉 Tonight, which are you more optimistic about—BTC's "temporary rebound" or ETH's "strong resistance"? 👉 If you must place an order tomorrow morning, will you follow the "bargain hunting in panic" or wait for the "confirmation of the emotional bottom"?