The cryptocurrency market is experiencing fluctuations and adjustments, with Bitcoin retracting to around $88,000, showing a slightly larger decline than Ethereum, which has fallen below $3,000. Recently, there has been large-scale liquidation across multiple platforms, particularly in long positions, indicating a bearish market sentiment. The unrealized losses of large holders continue to expand, with some institutions, like Huang Licheng, experiencing significant losses and re-entering long positions, reflecting the intense tug-of-war between bulls and bears in the market. Tokens like PEPE and HEMI, which have gained attention, have also seen declines. Overall, the market exhibits a high degree of uncertainty, necessitating close attention to macroeconomic data and regulatory developments. 📉💰🚀 Summary: The current cryptocurrency market is under overall pressure, with a clear downward trend.