The cryptocurrency market is showing strong bullish signals, alongside institutional layouts and volatility risks. 🚀 Bitcoin (BTC) has broken through the $118,000 mark, with over 17,000 BTC flowing out of exchanges in the past 7 days, indicating that investors are shifting to long-term holding, which can be seen as positive support. 💼 Institutional actions are active: Whales opened 2x leveraged long positions in XRP, SOL, and BONK with 11.37 million USDC, while a smart money investor spent $9.485 million to buy 80.26 WBTC. The Ethereum PoS protocol Blockscape increased its holdings by 140 ETH to 627 ETH, maintaining a solid position. Bitcoin Treasury Capital also added 10 BTC, bringing their total to 166 BTC, demonstrating confidence in mainstream coins. However, the market is not smooth sailing. 📉 In the past 24 hours, the total liquidation across the network reached $237 million, with long positions accounting for $107 million and short positions for $130 million, reflecting the risks of high-leverage trading. LIBRA advisors admit it is a speculative meme token, and PumpFun's 3.07 billion PUMP value has shrunk to $8.2 million, reminding investors to be cautious of bubbles. In terms of regulation, two addresses on the Tron chain holding over 10 million USDT have been frozen, Gemini users are restricted due to conflicts, Bitdeer warns of scams, HSBC states that the Hong Kong dollar stablecoin does not affect the exchange rate system, and a circulation increase of 500 million USDC enhances market liquidity. Overall, while the bullish momentum is strong, extreme selling pressure requires caution. CryptoQuant analyzes that BTC price stability is a positive signal and advises risk management. 🌟 In the future, pay attention to airdrop opportunities from Ethena and DePHY Network (PHY), and remain optimistic but rational. 💹