Tonight's non farm payroll data had a pre-market value of 6.4, with an expectation of 6. Based on this expectation, the employment data released tonight will be better than expected, which means that the Federal Reserve is unlikely to cut interest rates soon. But for risky assets like cryptocurrencies, a high interest rate environment is not a good thing So last night, the Big Dipper fell sharply, with Bitcoin dropping as low as $89262 and Ethereum dropping to $3052. We experienced a slight rebound in the early morning and are now hovering in the 89-91k range. Within 24 hours, the entire network lost 461 million yuan, and 90% of the losses were caused by long sellers. Institutions have different opinions, some sell while others buy On one hand, the Bitcoin spot ETF was sold off for two consecutive days, with a total outflow of $730 million. Fidelity was the main seller, directly suppressing the rebound of the coin price; On the other hand, Ethereum has been secretly added by giants, with BlackRock buying $149 million worth of ETH in three days and institutions directly staking and locking their positions after buying, which can be considered a long-term bullish signal. Most sectors are falling, only one narrative is heating up The RWA (Real Asset tokenization) sector led the decline, dropping nearly 5%, while popular sectors such as AI and DeFi also fell, mainly due to the previous surge and capital taking profits and fleeing. The only highlight is that the term 'tokenization super cycle' has been hyped up, and some institutions predict that traditional asset tokenization will be a major trend in 2026 Platforms such as Robinhood and Coinbase will benefit, and the demand for stablecoins will also increase accordingly And those Memecoins with no actual value (such as Useless Coin) have fallen even harder, dropping more than 12% in 24 hours, and speculative funds are running fast Binance launches new business, bridging encryption and traditional assets Binance has obtained a license in Abu Dhabi and launched perpetual futures for gold and silver, which can be traded in USDT. It is equivalent to allowing cryptocurrency traders to play precious metals directly without changing platforms, which can be considered as another step in bridging the boundary between cryptocurrency and traditional investment. If the BTC drops to around $89000-89500 at night, you can open long and rise to $91800-92000 for short-term profit taking ETH 3050-3030 can be opened for long positions, rising to 3180-3200 for short-term profit taking