Deep Tide TechFlow News, January 14th, Greekslive reports that Bitcoin successfully broke through the $95,000 resistance level, ending nearly two months of low-range consolidation. Bitcoin's block trades reached $1.7 billion, accounting for over 40% of the total daily trading volume, indicating active participation by institutional investors. In contrast, although Ethereum experienced a larger increase, it remains trapped within the $3,400 consolidation range, with block trades totaling only $130 million, representing just 20%. Notably, futures trading volume has not significantly increased, and the implied volatility of major maturities has shown no obvious rebound, suggesting that the derivatives market has not yet formed a structural bullish outlook. The current rise appears more as a market reaction. Analysts point out that the overall performance of the cryptocurrency market remains weaker than precious metals and the A-share market, and a long-term bull market has yet to be established.
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Deep Tide TechFlow News, January 14th, Greekslive reports that Bitcoin successfully broke through the $95,000 resistance level, ending nearly two months of low-range consolidation. Bitcoin's block trades reached $1.7 billion, accounting for over 40% of the total daily trading volume, indicating active participation by institutional investors. In contrast, although Ethereum experienced a larger increase, it remains trapped within the $3,400 consolidation range, with block trades totaling only $130 million, representing just 20%. Notably, futures trading volume has not significantly increased, and the implied volatility of major maturities has shown no obvious rebound, suggesting that the derivatives market has not yet formed a structural bullish outlook. The current rise appears more as a market reaction. Analysts point out that the overall performance of the cryptocurrency market remains weaker than precious metals and the A-share market, and a long-term bull market has yet to be established.