Bitcoin volatility is higher than Ethereum's short-term liquidity, and there is a coexistence of leverage risk that requires caution against rapid liquidation. Market overview📈: Bitcoin $112,199 (24h volatility 0.89%), Ethereum $4,314 (0.48%), surface volatility is mild but leverage is centralized. MYX surged sharply before retreating, with contract liquidations of about $46.89 million💥, indicating strong speculation. When ETH approaches $4,400, it will trigger the liquidation of about $709 million in short orders on major CEXs, which may lead to blockchain volatility🚨. Regulatory risks (Athena Bitcoin accused of fraud) increase uncertainty🏛️; Coinbase lists new coins, Binance launches AI "trading signals" and MegaETH issuance in USDm to enhance liquidity and user participation🤖. OCTO/WLD, MYX, and other intense market conditions indicate a rapid influx and outflow of funds, with high short-term risk, necessitating strict control of positions and stop losses⚠️. In summary: Market sentiment dominates, liquidity is abundant but there is a coexistence of high short-term volatility and liquidation risk, suggesting caution in dealing with leveraged positions.