Market Focus: BTC price volatility, the $91,000 support level faces testing, ETF capital outflows ($1.128 billion) and whale transfers trigger selling pressure concerns. On the macro front, the US dollar index DXY breaks above 99, putting risk assets under pressure. However, ETH staking queue demand remains strong (over 1.77 million), indicating long-term holder confidence; Uniswap revenue hits new highs, and DeFi fundamentals remain robust. VanEck remains bullish on Bitcoin, targeting $2.9 million, injecting confidence into the market. Short-term volatility intensifies, but on-chain activity and long-term expectations still show potential support. Summary: The market is in a period of oscillation driven by macro pressures and on-chain fundamentals.