Mutual understanding, understanding cryptocurrency information

2026/01/05

1. Market Overview: Prices have risen across the board

Major Currency Performance
• **Bitcoin (BTC)** has returned to around $92,000–$93,000 and has shown a continuous upward trend, marking five consecutive increases. 
• **Ethereum (ETH)** has remained above $3,100, and the overall market sentiment has turned positive. 
• Altcoins such as XRP, SHIB, PEPE, and NEAR have also seen varying degrees of increases. 

Driving Factors
• Market funds are flowing into risk assets, with increased spot demand, controlled leverage levels, and reduced volatility contributing to a steady upward trend. 
• ETF inflows, geopolitical changes, and macro factors are influencing investor risk appetite. 

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2. Market Sentiment and Risk Indicators

Fear & Greed Index
• The index has shifted from a previous state of fear to neutral, marking the first occurrence since October 2025, indicating signs of stabilizing investor sentiment. 

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3. Macro and Geopolitical Influences

Global Funds and Macro Background
• The general strengthening of U.S. stocks and tech stocks is providing positive momentum for the crypto market, especially with a high correlation between Bitcoin and crypto-related stocks. 
• The market is also paying attention to the next phase of economic data and policy directions in the U.S., particularly important macro events like employment reports. 

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4. Market Structure and Investor Behavior

Trading Data
• Total trading volume has significantly increased within 24 hours; the total market capitalization is around $3.2–$3.3 trillion. 
• Liquidation data suggests there are still risks in the short term, especially for some leveraged positions facing liquidation pressure. 

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5. Other Relevant News and Trends (not today's headlines but with extended significance)

Market Structure and Application Areas
• The expansion of the Ethereum ecosystem and institutional participation cases are forming new drivers for applications, such as crypto-native financial products and new banks striving to lower usage thresholds. 
• The number of Bitcoin Core developers is increasing, indicating active contributions at the foundational protocol level. 

Today's Comprehensive Market Conclusion (Strategic View)
1. Trend Observation
• The market has shown a clear rebound from a sluggish end-of-year trend, with a short-term bullish bias.
• However, the overall sentiment has not fully turned strongly bullish, and the neutral sentiment index indicates that the market remains cautious.
$BTC @亭