Group 1 - The market experienced significant liquidation, with over 160,000 accounts liquidated and a total of more than $800 million cleared in the past 24 hours, indicating a volatile market environment typical of a bull market [2][3] - The majority of liquidations were from long positions, suggesting that market sentiment remains unstable and that traders are facing challenges in managing leverage effectively [3] - The probability of a 25 basis point interest rate cut in September is high, at around 85%, which is generally favorable for risk assets like Bitcoin [4] Group 2 - Bitcoin is currently at a critical price level around $113,000, with significant resistance at $114,500 to $116,000 and support at $110,000 to $108,000 [6][8] - Ethereum is noted to be more volatile than Bitcoin, with a need for cautious trading as it has shown a tendency for sharp price movements [10] - The liquidation map indicates that the strongest psychological support for Bitcoin is at $110,000, with potential for significant liquidations if this level is breached [14] Group 3 - ETF data is highlighted as a key indicator for assessing market trends, with recent outflows from Bitcoin and Ethereum ETFs suggesting a shift in institutional sentiment [15][18] - The recent trend shows a net outflow of $523 million from Bitcoin ETFs, indicating a potential weakening in institutional demand [18] - Ethereum ETFs have also seen significant outflows, but there is an emerging trend of net inflows, suggesting a complex market response to price movements [18]