2026-01-05 10:25:53

In 2026, the cryptocurrency market ushered in a noticeable rebound, with Bitcoin leading the way. On Monday during Asian trading hours, Bitcoin rose over 1%, reaching a high of $93,000 at one point, climbing from $91,270 to $92,500. This marks the fifth consecutive trading day of gains, setting the longest winning streak since early October last year.

Mainstream cryptocurrencies also showed a strong upward momentum. According to CoinGecko data, Ethereum, XRP, and Solana all increased between 0.7% and 1%, indicating a synchronized market rally.

Regarding this phenomenon, Markus Thielen, founder of 10x Research and top crypto analyst, stated: "Market sentiment is clearly improving; Bitcoin and Ethereum are already entering a bull market phase." His team had shifted to a bullish outlook as early as late December after the options expiration.

What explains this shift? Markus Thielen explained that the common year-end "tax-loss selling" wave has subsided. This is a yearly practice among US investors—selling losing positions to offset capital gains on other assets, thereby reducing tax liabilities. As the new year begins, institutional investors regain flexibility in capital allocation, and risk assets once again become popular.

Looking back at December's trend, the entire crypto market was under long-term pressure, primarily due to this wave of tax-loss selling. US investors took advantage of the year-end window to liquidate losing positions, objectively exerting significant selling pressure on the market.

BTC0,77%

ETH-0,66%

XRP-3,17%

SOL-0,87%

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MultiSigFailMaster

· 01-08 09:51

Finally, the rebound has arrived. The previous tax-saving wave really gave us a hard time. Wow, five consecutive days of gains. This momentum is pretty good. It seems institutions are also about to enter the market. Markus figured it out a long time ago; the bull market rhythm has indeed started. The key is to follow the mainstream coins and move up together. This kind of market is the most comfortable. The year-end tax wave is a trap, but when institutions become active again in the new year, it's a whole different story.

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WalletDoomsDay

· 01-07 21:00

The tax-saving wave has subsided, and the market has come alive. This move's strategy is truly brilliant.

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FreeRider

· 01-05 20:00

Tax-saving sell-off wave has subsided, and institutional funds are becoming active again. This rebound is genuinely promising. Five consecutive days of gains breaking October's record, it looks really satisfying. --- It's the Americans again doing tax-saving maneuvers. Last year, they took a heavy hit from this, but this year, it's finally over. --- Watching the $93k level, does it feel like the real bull market is finally here? Or is it just the usual pattern—once institutions get bored, they start selling again. --- It's rare to see a rally across mainstream coins, with Ethereum and XRP also catching up. This is true rebound, unlike the previous fake rebounds. --- The selling pressure in December was intense. Now that institutions have funds, they jump right in—capital is just that lively. --- Five days of continuous rise to a new high since April. The data looks good, but I’m just worried it might be another fleeting rebound. --- As soon as the tax window closes, money flows back into risk assets. The American logic is really predictable to an incredible degree. --- At the $92,500 level, it feels like there's a push coming. The shift in institutional bullish sentiment says everything.

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WalletInspector

· 01-05 10:56

Finally, the rebound has arrived. The days in December were truly suffocating, and the wave of tax-saving sell-offs was really destructive. As soon as institutions loosened their grip, everything changed. Now, the synchronized upward movement feels more proper. Five consecutive gains, this rhythm is a bit addictive.

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RetiredMiner

· 01-05 10:54

节税抛售潮退了，机构活跃起来，这就是最近反弹的核心逻辑啊等等，93k美元真的摸到了？我咋没赶上 Markus说得没毛病，12月那阵确实被税季压得死死的，现在总算能喘口气了 5连涨诶，好家伙，这节奏确实像是要起来了主流币齐步走高？这就叫市场共识呗，不错不错我就纳闷了，为啥每年都要这么玩儿呢，美国佬的税务规则真的绝了感觉年初会有一波不错的机会，看好接下来的行情

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BlockchainArchaeologist

· 01-05 10:48

As the tax-saving wave subsides, institutions are getting restless. Turns out, we still have to rely on Uncle Sam to steer the ship.

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RooftopReserver

· 01-05 10:45

As the tax-saving wave subsides, funds are flowing in, and this logic makes sense. The December wave was really tough, but now I can finally breathe a sigh of relief.

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RealYieldWizard

· 01-05 10:26

The bull market rhythm has begun, I should have closed my short positions in December long ago.

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BridgeJumper

· 01-05 10:26

The tax-saving trend has subsided and then started to surge wildly. These institutions really know how to pick the right timing.

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