Comprehensive on-chain and market information: Coinbase has a short-term net inflow of USDT 33.7179 million, Bitmine, WLFI, and whales continue to increase their holdings of ETH/WBTC, while Kraken's large withdrawals and several institutions' fundraising plans indicate long-term capital getting on board 📈; however, ETH contract holdings have decreased by 5.45% in the past 24 hours, with $394 million in liquidations and multiple tokens undergoing centralized unlocks, leading to short-term selling pressure and liquidity risks 🔓📉. Overall, institutional absorption and deleveraging coexist, with short-term volatility rising, and the market shows a bullish pattern amidst fluctuations. In summary: Institutional buying and large holdings support prices, but deleveraging and token unlocks bring short-term volatility, resulting in an overall bullish market amidst fluctuations.