Recent market activity has shown substantial adjustments in assets for both US liquid Bitcoin ETFs and liquid Ethereum ETFs. According to professional data analysis platform Lookonchain, on August 1st, a total of 10 liquid Bitcoin ETFs collectively reduced their holdings by 1,500 BTC. This corresponds to an estimated total value of $94.25 million at the day's price. Simultaneously, 9 liquid Ethereum ETFs also carried out significant reduction operations on the same day, decreasing their holdings by approximately 23,382 ETH, with a market value around $72.69 million. These series of distribution actions have sparked considerable attention regarding the trajectory of the cryptocurrency market.