2026-01-14 04:26:27

Bitcoin has finally broken through the $95,000 mark, ending two months of oscillation and consolidation. At first glance, it's good news, but to truly understand this rally, we need to analyze the details from several angles.

First, let's look at institutional activity. On that day, the volume of block trades reached $1.7 billion, accounting for over 40% of the total trading volume. What does this mean? Institutions are actively accumulating, and there's no doubt about that.

The problem lies with Ethereum. During the same period, ETH also rose in tandem but was firmly held below the $3,400 level, with block trades totaling only $130 million, making up about 20%. The stark difference in capital enthusiasm is worth noting—it's clear that the market isn't broadly bullish.

Even more awkward is the performance of the derivatives market. Futures trading volume hasn't kept pace, and implied volatility is also sleeping, indicating that traders haven't reached a consensus on a "structural bullish" outlook. In other words, this rally seems more like a short-term market reaction rather than a foundation supported by strong fundamentals.

Analysts are also not overly optimistic. The overall performance of the crypto market currently isn't even as resilient as precious metals and A-shares, and the long-term bull story is still a bit premature to tell. So, this breakout might just be a good rebound opportunity—don't read too much into it.

BTC3,57%

ETH6,82%

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GovernancePretender

· 3h ago

Institutions are stepping in, but with ETH performing so poorly, there's really nothing worth getting excited about.

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BlockchainBouncer

· 3h ago

Institutions spent 1.7 billion to scoop up the market, looks pretty aggressive, but ETH is so weak that I really can't hold on. --- Another roller coaster ride, stay alert and don't get fooled. --- Futures haven't kept up with the hype, can you trust this market? --- Breaking 95,000, so what? It's just a short-term glitch. --- Funds are all piling into Bitcoin; it's really a bit unreasonable that Ethereum is being neglected. --- The sleepiness in the derivatives market says it all—don't follow the trend and buy in. --- This is just a rebound, not a bull market. Understand that before taking action. --- Implied volatility is suffocating, traders are actually uncertain inside. --- If it were truly bullish across the board, could it be like this? Clearly showing divergence. --- It's not as resilient as A-shares; what long-term story are you talking about?

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UncleLiquidation

· 3h ago

Institutions are busy picking up the slack, while retail investors are still debating whether to follow or not. ETH is so weak, it's really incredible. It's already late 2024, and it's still struggling around 3400. Futures have no volume, implied volatility is inactive. Honestly, no one truly believes in this wave. Don't be fooled by news headlines; a rebound ≠ a bull market. There's still a long way to go.

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NotSatoshi

· 3h ago

Institutions suck in 1.7 billion just to call it the bottom? Wake up, who would believe ETH is a real bull if it's so weakly rallying? --- Another wave of cutting leeks routine, futures didn't even follow the trend, why talk about structural? --- That statement "precious metals are more resistant to pressure" hits hard, this is the current situation. --- A rebound opportunity is there, but don't go all-in now, you need to have some sense. --- Institutions take over the position, but why is ETH so resilient? --- What does the implied volatility while sleeping indicate? Traders simply don't believe it. --- Why does this rally always feel like a fleeting moment? --- The 1.7 billion block trade sounds impressive, but without consensus, there's no consensus. --- I said it early, the bull market story is too premature now, stay calm and don't get overwhelmed by FOMO. --- Two months of repeated oscillations and only breaking once, what's so exciting about that? Maybe it'll drop back next week.

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SlowLearnerWang

· 3h ago

It's the institutions playing again, while retail investors are just watching? BTC breaks 95K and looks exciting, but why does ETH feel so frustrated?

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ImpermanentPhilosopher

· 4h ago

Here we go again with the same trick, talking about stories once BTC breaks 95k? I think, yes, institutional buy-ins are real, but ETH's timid performance clearly indicates the issue. --- Institutions dare to buy, but traders didn't dare to follow? This wave of rise is a genuine vacuum rebound, don't be fooled. --- I need to note down the phrase "Implied volatility is dozing off," clever. Anyway, I don't believe this will take off directly this time. --- So basically, it's a smoke screen. Rebounds have their value, but don't expect any structural market trend. --- ETH only has 130 million? That gap is hilarious. It's obvious that big players only focus on BTC, others are just along for the ride. --- "Short-term reactive response" doesn't sound so wonderful anymore, that's the real truth. --- Breaking below 95k has many people excited, but a closer look at the details shows it's just false fire.

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