The cryptocurrency market is currently experiencing increased volatility, with geopolitical risks and institutional dynamics intertwined. The Bitcoin sentiment index continues to decline, possibly testing the $10.2-$103,000 support level, and investors need to be wary of 📉 the risk of a pullback, while Ethereum contract traders frequently switch positions, accompanied by whales selling 1,692 ETH ($4.31 million) and institutions such as ConsenSys buying 5,463 ETH, indicating a fierce 💥 long-short game. ETF data shows that the Ethereum spot fund had a net outflow of $2.176 million yesterday, ending the 19-day inflow, reflecting the pressure 📉 of capital outflow. In terms of institutions, BlackRock holds 3% of the total amount of Bitcoin, DRW Investments bought $100 million of Trump media shares, and Manifold is suspected of buying $2 million in CRV to enhance market confidence 💼. Geopolitical events such as the Iran-Israel conflict and the Japanese prime minister's call for tariff removal have exacerbated uncertainty; In the midst of regulatory developments, the SEC approved Trump's S-3 statement, and the Ethereum Foundation provided $1.25 million in legal aid, which may boost community morale 🌟. Overall, crypto assets face the risk of selling in the short term, but the institutional layout signal is positive, and investors are advised to allocate cautiously and pay attention to the rebound opportunity 📈 at the support level. Maintain risk management and guard against the wave of liquidations ($259 million on the entire network in 24 hours).