The cryptocurrency market has recently shown a mixed trend between bulls and bears, 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, while Wall Street explores the staking potential of ETH, indicating rising institutional interest. 📈 If ETH breaks through $3,607, the clearing intensity of short orders on mainstream CEX may reach $2.223 billion, bringing upward momentum. Regarding Bitcoin, Musk consulted Grok about the probability of quantum computing breaking SHA-256, responding that it is almost zero in the next five years, boosting market confidence. 😊 If BTC breaks through $118,679, the clearing intensity could reach $2.249 billion, potentially triggering a bull run. However, risks cannot be ignored: the open interest of Ethereum contract-based positions has dropped over 11% from historical highs, indicating cautious investors; whale activities are frequent, with "Brother Ma Ji" closing a PUMP long position with a loss of $9.94 million, 😟 while the whale "Set 10 Big Goals First" opened a 5x leveraged long order on BTC, and another whale's 10x leveraged long order on DOGE was liquidated with losses exceeding $3 million, highlighting the risks of high leverage. Some altcoins like CFX rebounded over 5%, indicating active short-term speculation. In the tokenomics of Towns Protocol, 57% is allocated for community airdrops, benefiting ecological construction. A Hong Kong legislator stated that stablecoins have no speculative opportunities, referring to regulations from 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 requires caution against volatility, and investors should strengthen risk management to seize upward opportunities in ETH/BTC.