BTC: As of August 14, 2025, the current price of BTC is $121600; Yesterday's closing pattern was a "small bullish line", with an increase in volume and multiple parties still dominating. On chain data shows a net inflow of 724 US spot Bitcoin ETFs worth $86.9 million yesterday, indicating a decrease in institutional interest in Bitcoin. As BTC approaches its historical high, the turnover rate actually decreases, indicating a reduction in player selling pressure. URPD data shows that 1.423 million bitcoins have accumulated in the range of $103500-108500; The range of 93500-98500 US dollars has accumulated 1.588 million bitcoins. Overall, Bitcoin has verified the stability of the $117000 support level and is approaching the first target price of $125000 in the MVRV deviation channel. If it can break through and stabilize without falling below the backtesting point, the probability of hitting $137000 will significantly increase. ETH: The net inflow of 158900 US spot Ethereum ETFs worth 729 million US dollars yesterday indicates that institutions have full confidence in the future of Ethereum. On August 12th, the single day profit reached 1.742 billion US dollars, the highest value since 2023. The super whale holding over 100000 ETH cashed out $835 million, mainly from chips with costs ranging from $1200 to $2300. Despite significant selling pressure, buying activity remains active, with multiple parties still dominating.