$BTC ‌$ETH ‌Recently, Bitcoin and Ethereum have shown a clear continuous downward trend, with overall market sentiment leaning bearish, and the pullback strength continuing to increase. This round of decline is mainly influenced by tightening macro liquidity, with expectations of high overseas interest rates remaining strong, U.S. Treasury yields staying high, suppressing valuations of all high-risk assets, and the crypto market overall under significant pressure.

At the same time, spot institutional funds continue to net outflows, market buying momentum is weak, selling pressure is concentrated, and short-term bullish confidence has collapsed. Compared to Bitcoin, Ethereum's trend is weaker, affected by ecosystem outflows, reduced token burns, and weakening fundamental support, resulting in a deeper decline.

The rebound in the market is extremely weak, with rebounds followed by declines, a clear downward trend, and leverage liquidations continuously amplifying volatility. Overall, the short-term market is biased toward weakness, with a lack of reversal momentum, and risks remain high. $LAB ‌