The cryptocurrency market showed a volatile but relatively strong trend over the past week, with institutional funds continuing to flow into leading assets. Specifically, BTC increased by approximately 4.2% during the week, ETH performed even better with a 6.92% rise, and SOL also rose by 7.93%. The entire market has been oscillating within the ranges of $85,000-$94,500 (BTC) and $3,000-$3,500 (ETH).

**What signals are emerging from the capital side?**

Looking at institutional movements, the US BTC spot ETF saw a net inflow of about $458.7 million this week, with ETH following at $161 million. This indicates that large funds are continuously increasing their positions in top assets, especially Ethereum. Meanwhile, the expectation of rate cuts in January has significantly cooled to around 5%, with US stocks and the crypto market oscillating in sync. Trading volume has noticeably shrunk, but support levels are still effectively holding.

**How is the sector differentiation?**

DeFi TVL has slightly increased against the trend, with RWA and Layer2 performing notably well, while altcoins have shown clear divergence. Meme coins and small-cap assets face considerable correction pressure, reflecting a cooling of market risk appetite.

**What technical aspects should be watched?**

The $90,000 level for BTC and the $3,000 level for ETH have become key support levels recently. Resistance above is set at $94,500 and $3,500 respectively. From a technical perspective, it is likely that prices will continue to oscillate within these ranges in the short term, and breakthroughs will require more incremental capital to push through.