🧠Evening Summary

📈 Real-time Highlights:

- An anonymous Bitcoin whale intervened after a market crash, spending approximately $792 million, stabilizing prices and boosting market confidence.

- In the past 24 hours, the liquidation volume in the cryptocurrency market exceeded $1 billion, with approximately $272 million flowing out of ETH, and about $178 million flowing out of Bitcoin, indicating a significant fluctuation in market sentiment.

- DOGE fell nearly 10% in a single day, dropping to around $0.23, significantly pressured by whale sell-offs.

📊 Long/Short Ratio (ETH):

- The ETH long/short ratio in the past 24 hours is approximately 1.77 (longs account for about 64% / shorts about 36%), indicating a long-term bullish bias, reflecting that market sentiment remains optimistic:

💰 Fund Flows:

- Continued net outflow of ETH from exchanges, with whales and institutions withdrawing ETH for locking, indicating a short-term accumulation signal.

🧠 Brief Commentary:

- The market previously experienced significant liquidation pressure, but the large purchases by whales quickly halted the decline and triggered a rebound, with structural repair remaining the focus in the short term.

- The ETH long/short ratio leans bullish, combined with the outflow of funds from exchanges, indicates strong mid-term confidence in the market, although short-term sentiment remains volatile.

- The sharp decline of DOGE may trigger panic selling; it's advised to pay attention to the emotional transmission effect on the altcoin market.

- Do you think this whale intervention can support the market's continued rebound? Has the ETH structure already formed a bottom, and will DOGE's decline trigger a chain reaction of corrections? Share your thoughts in the comments!