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Bitcoin bullish sentiment is strong, and Polymarket expects an increase. On-chain data shows robust ETH staking demand, with waiting volume exceeding one million coins. Despite the total liquidation amount reaching $180 million and market leverage risks becoming apparent, whales are still actively positioning. Large whales' holdings are diverging, and the bulls and bears are engaged in intense battles. Institutional IPO news injects confidence into the market. 📉 ETH staking supply is tightening, leverage liquidations are accompanied by volatility, and the bull market structure has not yet been broken. Overall trend: Bull market oscillates upward, buy on dips.