2026-01-05 10:21:29

Asian session morning market performance has been quite good, with BTC reaching $92,000 and ETH breaking through to $3,100. Behind this, there is actually an interesting change — in a scenario where US stocks are strengthening and oil prices are softening, crypto assets are beginning to exhibit a certain systemic correlation with risk assets, and this correlation may be continuously evolving.

From an options perspective, the situation is more nuanced. The put skew is converging, indicating that bearish sentiment is easing. Even more interesting is the demand for the $100,000 call options expiring on January 30, 2026 — clearly on the rise, suggesting some long-term bullish positioning. But here’s a question mark: recent US market rebounds have been frequent, and the market’s stability still needs to be observed; position management should still be cautious.

Additionally, regarding rumors like "Venezuela shadow Bitcoin reserves," I’ve seen too many such hype stories before. It’s recommended to stay rational and not be swayed by these unverified messages.

BTC-2,92%

ETH-4,56%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

13 Likes

Reward
13
6
Repost
Share

Comment

0/400

CryptoMom

· 59m ago

9.2K anyway, the US market turns around and drops back immediately. I've seen too many of these tricks. What about the 100K bullish orders... it shows that some people are still betting on long-term, I just want to see who’s taking the other side. The Venezuela issue is old news, don’t start another round of cutting leeks. When the US stocks are strong, they pull the coins; this correlation is now clear. I've already cut my positions long ago, let's wait until things stabilize. Talking about it now is pointless. What’s the use of easing bearish sentiment? The key is to see how the US market wants to play. Is this time different? They say that every time.

View OriginalReply0

WalletDetective

· 12h ago

92,000 is unstable; it will be wiped out after the US session, don't be fooled by the Asian session

View OriginalReply0

TokenomicsTherapist

· 01-05 10:51

92,000 isn't a big deal; wait until it breaks 100,000 before talking The rising demand for options is a signal, but the recent pullback in the US session is a bit uncomfortable... That Venezuela routine is getting old; are they doing it again? Stay calm and don't be impulsive; keep your positions small, that's right The linkage relationship needs to be closely watched; the next step is the highlight

View OriginalReply0

GasFeeBeggar

· 01-05 10:27

9.2K broke below, but the selling pressure during the US session this time is really annoying. The bullish orders in 2026 are so popular, but I feel like it's more like betting on what Elon Musk will do haha. That Venezuela thing, just listen and don't take it seriously. News like that has a higher chance of scamming retail investors. You really need to leave some room in your positions. I haven't figured out the linkage between US stocks and cryptocurrencies yet. When rumors are flying everywhere, I started reducing my positions. I've been caught too many times and lost out. Systemic linkage? Sounds nice, but it's really just following the trend up or down. Options data looks good but doesn't mean prices will go up, we've seen this before. Does the softening of oil prices really have that much impact on the crypto market? Feels like an over-interpretation. A lessening of bearish sentiment ≠ a guarantee of rise. I still need to see the Federal Reserve's stance.

View OriginalReply0

MoonMathMagic

· 01-05 10:27

9.2万美元还得再看看，美盘一回吐什么都白搭

Reply0

ApeEscapeArtist

· 01-05 10:22

92,000 has surged, but the rebound in the US market this time is a bit fierce, feeling exhausted. Long-term bulls are positioning, but I still don't dare to add to my holdings, feeling this wave's stability is questionable. I've heard too many jokes about Venezuela, really don't believe them, each one more outrageous than the last. The linkage between US stocks and oil prices is indeed interesting, but calling it systemic might be a bit much, easily leading to a beating. Wait, are 100,000 call options heating up? You must be very optimistic to play like this. 92,000 doesn't seem that impressive; last year, this price was already broken, so why am I excited now? Options data looks good, but the market is the most honest; in the face of retracement, everything is just paper tigers.

View OriginalReply0