The cryptocurrency market has recently shown a mixed trend of bullish and bearish movements, with overall volatility increasing. The chairman of BMNR predicts that the fair price of ETH may reach $10,000 to $20,000 in the next 12 months. Wall Street is exploring the staking potential of ETH, indicating rising institutional interest. 📈 If ETH breaks through $3,607, the liquidation intensity of mainstream CEX short positions may reach $2.223 billion, bringing upward momentum. Regarding Bitcoin, Musk consulted Grok about the probability of quantum computing cracking SHA-256, responding that it is almost zero in the next five years, enhancing market confidence. 😊 If BTC breaks through $118,679, the liquidation intensity will reach $2.249 billion, potentially triggering a bull run. However, risks cannot be ignored: the contract-based holdings of Ethereum have fallen over 11% from historical highs, indicating cautious investors; whale operations are frequent, with 'Big Brother' closing a PUMP long position at a loss of $9.94 million, 😟 while the whale 'Setting 10 Big Goals' has opened a 5x leveraged BTC long position, and another whale's 10x leveraged DOGE long position was liquidated with losses exceeding $3 million, highlighting high leverage risks. Some altcoins like CFX have rebounded over 5%, showing active short-term speculation. In the Towns Protocol tokenomics, 57% is allocated for community airdrops, beneficial for ecological development. A Hong Kong legislative council member stated that stablecoins have no speculative opportunities, with regulations referencing those in the US, Japan, and Europe to strengthen the regulatory framework. 📉 Overall, the market needs to pay attention to liquidity and policy impacts. In summary, the cryptocurrency market is optimistic in the short term but must guard against volatility; investors should enhance risk management and 😌 seize the upward opportunities in ETH/BTC.