The current market sentiment is bearish; attention should be paid as BTC may test the $116,000–$118,000 range.

According to ChainCatcher, Greeks.live researcher Adam posted on social media stating, "The current community is showing a bearish sentiment recently, expecting a downward trend, with particular attention to ETH dropping to $4,200-$4,300 and BTC testing $116,000-$118,000. However, there is a clear divergence between short-term bearish traders and long-term bullish holders, with discussions focusing on whether the decline in BTC volatility and institutionalization signifies maturity or weakness."