[Big Interpretation] Bitcoin plummeted below 110.000! But Ethereum was bought by institutions? How investors plan on #ETF #BTCETF #ETHETF

The cryptocurrency market has recently adjusted drastically: Bitcoin has lost $110,000 (down 2.09%), Ethereum has fallen from a record high of more than 8% (down 8.89%), and more than 188,800 people have lost their positions (up 773 million US dollars). Fund rotation: Jujie switched to ETH, institutional BTC ETFs flowed out 1.2 billion, and ETH received increased holdings. Technical: ETH supports US$4,700, BTC is 110,000. Macro: The Federal Reserve PPI weakens expectations for interest rate cuts, and regulation is favorable to ETH. Short-term fluctuations may continue, and long-term cautiously optimistic. The cryptocurrency market has recently adjusted drastically: Bitcoin fell below the key support level of US$110,000, and fell 2.09% to US$109,857 intraday; Ethereum fell sharply from a record high (about US$4,950), falling 8.89% to US$4,497 in 24 hours, and more than 188,800 people were forced to close their positions, with a total liquidation amount of US$773 million (about HK$6 billion). Fund rotation and institutional differentiation are the core of adjustment. On-chain data shows that the giant whale is converting Bitcoin into Ethereum, pushing the ETH/BTC exchange rate to exceed 0.04, with about 24,000 Bitcoins (US$2.7 billion) being sold out when liquidity is sluggish; institutional demand has significantly differentiated - Bitcoin spot ETFs have net outflows of US$1.2 billion for six consecutive days, while Ethereum has been continuously increased by institutions. For example, BitMine recently bought US$45 million ETH (total holdings of 7 billion), and Strategy also increased its holdings of 3,081 BTC (total holding costs of 46.5 billion). Technical pressure: Ethereum $4,700 becomes instant support, if it falls below or falls below $4,530-4,270; if the psychological threshold of Bitcoin $110,000 continues to fall, it may trigger wider selling. In terms of macro and regulatory, the Federal Reserve's July PPI exceeded expectations (3.3% year-on-year) weakened its September interest rate cut expectations, but changes in the regulatory environment are good for ETH, and the industry expects banks to participate in the crypto field in depth. The market impact is concentrated on high-leverage traders. Coinglass data shows that in this adjustment, ETH liquidated $380 million (ranked first), BTC liquidated $110 million, and the largest single liquidated $7.825 million (Bitmex-XBTZ25). Future outlook: Short-term volatility may continue, market volatility is high; long-term analysts are cautiously optimistic, Bitcoin fundamentals have not changed, and Ethereum may further rise if the staked ETF is approved by the end of the year. The adjustment of institutional funds "BTC outflow and ETH increase in holdings" is still continuing. Whether ETH/USD can hold on to US$4,450 and whether Bitcoin can stabilize at US$108,000 will determine the future trend. [Note⚠️, cryptocurrencies are high-risk investments, and you may lose all your principal. If you don’t understand, it is recommended not to participate. This video does not have any investment advice, it is only used as information sharing]