Bitcoin: Sideways consolidation, institutions support the bottom
Price: Currently about 108,540, down 1% in 24 hours, trading volume shrank by 15%, market trading is light.
Support and Resistance: Support at 106,820 below, breaking or probing $100,000; resistance at 109-112 above, a breakout requires increased volume.
Institutional Dynamics:
FStreet adds 10 million Bitcoin daily, GameStop plans to issue bonds worth 1.75 billion to enter the market, institutional confidence remains.
On-chain data shows a certain whale holds 134 million short contracts (liquidation price 116), forming a game with the long side; another whale has reduced positions by 155 coins due to price correction to the cost line, easing short-term selling pressure.
Ethereum: Bears “small victory”, long and short stuck
Price: Currently about 2,770, down 0.26% in 24 hours, after a peak of 2,880 last night it fell back.
Bears Profit: A certain whale previously shorted 40,000 Ethereum (opening price 2,793), last night the price peaked at 2,880, just 58 away from the liquidation price, and the subsequent pullback brought its short position to a floating profit of 670,000.
Ethereum focuses on 2,740 support, breaking or probing 2,600; 2,880 is the resistance level above.
