The cryptocurrency market has recently shown severe fluctuations and active institutional engagement, with overall risks and opportunities coexisting. Bitcoin (BTC) price quickly fell below $112,000 after breaking through $113,000, indicating that the market is led by long positions but volatility is increasing 📉. El Salvador increased its holdings by 7 BTC (total holdings reached 6,256.18 BTC) and the South Korean company Bitmax increased its holdings by over 56 BTC (total holdings exceed 500 BTC), reflecting strong institutional confidence and driving potential upward space. If BTC breaks through $118,136, the liquidation intensity of short orders may reach $2.201 billion, and caution is needed regarding the risk of getting liquidated 💥. In the past 24 hours, the total liquidation across the network was $628 million, with long orders accounting for 85%. Binance saw a net influx of $72.8108 million USDT, with strong capital inflow supporting market recovery 📈. Regarding Ethereum (ETH), Sharplink increased its holdings by 15,822 ETH (approximately $53.68 million), and a whale increased its short order holdings by 10,000 ETH with unrealized gains of $12.25 million, indicating that the "four battles with a 75% win rate" strategy is active, but the funding rate is only 0.0047%, and the open interest decreased by 9.15% in the past 24 hours, putting short-term pressure. If ETH breaks through $3,571, the liquidation intensity of short orders will reach $2.273 billion, which may trigger a blockchain reaction 📉. Additionally, the SatLayer airdrop is open until August 9, B3 unlocked $4.38 million in tokens, and the potential capacity crisis from Sam Altman’s new model adds uncertainty to the market. Overall, long positions dominate the cryptocurrency market, but frequent liquidations (over $369 million in the past 24 hours) suggest cautious operations, and investors are advised to follow institutional movements and regulatory dynamics (such as Hong Kong's stablecoin regulations), with moderate decentralization allocations to cope with volatility risks 💰. Stay optimistic but rational, as the market may welcome rebound opportunities 📊.