Greekslive reports that Bitcoin successfully broke through the key resistance level of 95,000 USD, ending a nearly two-month consolidation; Ethereum's gains were even larger but the trend remained weak, still oscillating around 3,400 USD. In terms of block trades, BTC's single-day block trading volume was about 1.7 billion USD, accounting for over 40% of total volume, while ETH was only about 130 million USD, making up roughly 20%, indicating that funds are clearly concentrated in BTC bullishness. However, futures trading volume and main-term IV have not shown significant recovery, and the derivatives market has yet to form a structural bullish trend. The current situation more resembles a short-term reactive surge, and the long-term bull market outlook has not yet been established.
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Greekslive reports that Bitcoin successfully broke through the key resistance level of 95,000 USD, ending a nearly two-month consolidation; Ethereum's gains were even larger but the trend remained weak, still oscillating around 3,400 USD. In terms of block trades, BTC's single-day block trading volume was about 1.7 billion USD, accounting for over 40% of total volume, while ETH was only about 130 million USD, making up roughly 20%, indicating that funds are clearly concentrated in BTC bullishness. However, futures trading volume and main-term IV have not shown significant recovery, and the derivatives market has yet to form a structural bullish trend. The current situation more resembles a short-term reactive surge, and the long-term bull market outlook has not yet been established.