BTC: As of May 14, 2025, the current price of BTC is $103,700; yesterday's closing pattern was a 'small bullish candlestick', but the trading volume decreased compared to the previous day, indicating a weakening of bullish momentum. On-chain data shows that yesterday, there was a net outflow of 890 Bitcoin (approximately $9.14 million) from the U.S. spot Bitcoin ETF, revealing selling pressure from institutions. The current turnover rate is on par with the previous day, lacking new capital inflow, with the market primarily consisting of short-term speculators, and a high profit-taking ratio, while long-term holders are limited in their participation, indicating insufficient market confidence. On a macro level, last night's CPI decreased by 0.1% month-on-month, which is a short-term positive for Bitcoin, but the expectation of a rate cut by the Federal Reserve in July has weakened (CME FedWatch shows an increased probability of maintaining interest rates), posing potential medium-term risks to the market. Overall, Bitcoin is in a short-term consolidation pattern, and caution is advised regarding the risks of a pullback due to shrinking trading volume. From the perspective of chip data, a large number of chips have accumulated in the range of $93,000 to $98,000, forming a solid defense line and providing reliable support for the price in the short term.