BTC: As of August 26, 2025, the current price of BTC is $110,000. Yesterday's closing candlestick was a 'small bearish candle,' with trading volume increasing, indicating short-term bearish sentiment still dominates. On-chain data shows that the market's turnover rate has recently risen, especially with short-term buyers at lower levels becoming the main sellers during this round of pullback. Long-term holders, however, remain relatively indifferent to the decline. URPD data reveals that 1.575 million BTC are concentrated in the $100,500-$107,000 range, while 1.551 million BTC are concentrated in the $93,500-$98,500 range. Overall, after Bitcoin hit a high of $120,000 in July-August, it entered a correction phase. However, there has been no panic selling from large investors. Bitcoin's strong support currently lies in the $110,800-$112,000 range. Data shows that profits realized by large holders are under $1 billion, far below the levels seen before the 2021 bear market. Based on the distribution of holdings and institutional behavior, the market is likely in a phase of temporary correction, and it's still too early to talk about a 'bear market.' ETH: Yesterday saw a large bearish candle with increased volume. In the short term, ETH is undergoing a correction, but after this adjustment, the market is highly likely to hit new highs.