Market dynamics are hot, with BTC and ETH fluctuating back and forth. BTC once surged to $88,000 before pulling back, while ETH is trading around $3,000 in a battle of gains and losses. On-chain data shows frequent whale movements, with large amounts of ETH flowing into exchanges, increasing the risk of sell pressure; at the same time, Binance has experienced massive net outflows of USDT, indicating capital pressure. Although both bulls and bears are suffering liquidation under high leverage (over $180 million in liquidations across the network), altcoins like DOT and RAD are surging against the trend, showing a dispersed market focus. The legalization of mining in Turkmenistan provides a slight positive signal for the industry, but liquidation alerts (if ETH/BTC continues to fall, it will trigger hundreds of millions of dollars in liquidations) remain a looming threat. 📉📈 Short-term market volatility is leaning bearish; caution is advised against leverage liquidation risks.