Bitcoin and Ethereum price fluctuations are influenced by large address transfers and exchange liquidity, with the market facing short-term liquidation risks. The cryptocurrency market has recently shown a volatile trend, with significant price swings in Bitcoin and Ethereum driven by whale address transfers and fund flows to exchanges. Data indicates that a large amount of Bitcoin has been transferred from anonymous addresses, some flowing into major exchanges like Coinbase, Binance, and Bybit, while others are moving to other anonymous addresses, reflecting strategic adjustments and fund reallocation by market participants. Meanwhile, tokens such as NTRN and CHZ have experienced notable surges📈, but the overall market faces high liquidation risk, with over $146 million in total liquidations across the network in the past 24 hours, causing losses for both longs and shorts. If Bitcoin drops below $63,531 or Ethereum falls below $1,921, it will trigger larger-scale long liquidations🤯, increasing downward pressure on the market. Currently, the cryptocurrency market is at a critical juncture of bulls and bears battling, with heightened volatility, and investors should be alert to potential waterfall declines.