ETH briefly broke $3600, down 4.64% in 24 hours, quoted at $3611.

This pullback came sharply, with BTC breaking $115,000, down 2.82%, and a total liquidation of $226 million, mainly from long positions, with Brother Maji's long position floating a loss of $12 million.

However, Ark Invest bought 60,000 shares of Figma worth $6.93 million, and Figma holds $70 million in BTC ETF, indicating that institutions are still entering the market.

I see this as a washout; ETH ETF has seen net inflows for 20 consecutive days, with a potential bottom forming in a double-anchor structure, preparing to buy low and wait for a rebound.