#数字资产动态追踪 2026 marks the beginning, with market enthusiasm showing no signs of waning—yet the hidden risks beneath the surface should not be overlooked.

📈 Today's rally is quite interesting
Bitcoin surged to $93,000, Ethereum stabilized above the $3,200 mark, AI, Meme, and NFT sectors took turns leading the charge, especially the AI sector which surged over 6%. Everything looks green, but what’s behind the eye-catching gains?

🔍 Looking deeper, the market is actually quite complex
On the surface, it appears glamorous, but there are many undercurrents—

First, the clash between sentiment and reality: the Fear and Greed Index rose to 38, still in the "fear" zone. But on-chain data shows a different story—long-term holders are not bottom-fishing but accumulating chips at current prices. Retail investors are hesitant, whales are steady.

Second, the market resilience is improving: after the October 2025 peak, $30 billion worth of derivative leverage was forcibly removed from the market. How thorough was this deleveraging? It means 2026 is not starting from a weak foundation.

Third, the ambiguity about the future: the options market reveals the truth—traders are optimistic about the first half of the year, but become cautious and hesitant in the second half, with a strong sense of prudence.

💎 Key issues
The start of 2026 is indeed positive, but the market seems more focused on rebuilding confidence and optimizing structure. Is this rally the beginning of a new trend, or just part of a range-bound fluctuation? A deeper question: will the upcoming market continue to be driven by emotions and leverage, fluctuating wildly, or will it be propelled by institutions towards a "steady but solid" evolution?

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