Comprehensive recent news: Whales are swapping large amounts of BTC to increase their holdings in ETH, exchanges and contracts are gradually launching WLFI/DORA, and institutions and miners continue to engage in Coin Hoarding, indicating a rotation of funds from BTC to ETH and new tokens 📈. ETH contract holdings rose by 7.18% in 24 hours; if it falls below $4,488, it will trigger about $4.348 billion in long order liquidations; BTC has broken $115,000, and if it breaks above $120,546, it will liquidate approximately $3.114 billion in short orders ⚠️. The macro environment is leaning towards rate cuts, with stablecoin and large equity placements (ETHZilla) supporting demand, but controversies over token distribution and uncertainties regarding regulation/Central Bank digital currencies pose a risk of pullback 💡. Summary: Short-term bias towards bullish fluctuations, with funds rotating towards Ethereum and event-driven tokens, but high leverage risks could trigger severe pullbacks at any time.