BTC 📉 has fallen below $90k, triggering liquidation warnings: a drop to $85.7k could trigger $1.44 billion in long position liquidations, while ETH could face $1.08 billion in forced liquidations if it falls below $2,897. The Fear & Greed Index has fallen to 25 (extreme fear), and Matrixport data shows that BTC spot ETFs have seen outflows for nine consecutive weeks. Institutional divergence is evident: Mega Whale is heavily shorting (over $91 million), while Trend Research is contrarian, buying ETH and depositing it into Aave for lending. Solana's ecosystem annual report is impressive (DEX volume exceeds 1.7 trillion), but overall market liquidity is tightening, and net inflows of Binance USDT suggest investors are on the sidelines. In summary: The bearish momentum is strong, and the market is testing key support levels. Beware of a chain reaction of sell-offs.