Market liquidation in the past 24 hours: 129,300 traders were liquidated, with a total liquidation amount of $693.9M. Among them, a leading exchange's ETH-USDT trading pair recorded the largest single liquidation order, amounting to $12.90M, reflecting the high leverage risk in Ethereum swing trading. From the perspective of open interest, #Bitcoin开放兴趣上升6.00%，显示市场参与者对比特币增仓热情回升。这一变化通常预示着交易者对后市方向信心的调整。同期#Ethereum open interest has also changed, which is worth monitoring further. In a highly volatile market environment, frequent large liquidations serve as a reminder for traders to carefully manage risk exposure and avoid excessive leverage.

Ethereum is currently positioned in what many technical analysts view as the fifth wave of an extended uptrend cycle initiated last April. This wave analysis framework suggests significant growth potential ahead. Based on Elliott Wave theory and current market structure, the primary price target for ETH stands at $5,413. Should momentum continue and market conditions remain favorable, a more bullish scenario targets $7,155. These forecasts come from technical analysis perspectives focused on Ethereum's long-term market structure and wave progression patterns.

TermMaxFi has been quite active recently. Last week, it was even liked and reposted by the official Ethereum account, indicating that the project has real substance. Looking at the data makes it clear—TVL peaked at over $44M and is now stable at over $22M, covering mainnets like Ethereum, Arbitrum, and BNB Chain. The core gameplay of the project is supporting Ondo tokenized stocks as collateral, combined with a fixed interest rate lending mechanism, which is still somewhat interesting for DeFi users. Here's the key point: how is their points system designed? XP points are the most stable core component, calculated directly based on real-time snapshots of your on-chain holdings and deposits on a daily basis. Simple and straightforward—real money at stake. If you're interested, you might want to participate, as their backing is quite solid.