BTC Breaks Through $97,000, Crypto Market Stands at a New Structural Turning Point
BTC surged past $97,000, reaching a high of $97,924, while ETH and SOL also rose but remained near key resistance levels. The rally triggered significant liquidations, with shorts seeing the largest squeeze since the "1011 crash." Notably, crypto-related stocks outperformed traditional equities.
A key shift occurred in BTC ETF flows, with a notable $750 million net inflow after a period of outflows, signaling renewed institutional interest. Price action was strongest during U.S. trading hours, reversing previous weak performance in that session.
Macro conditions showed stable but sticky inflation, with the Fed expected to hold rates, though 2026 rate cuts are anticipated. Regulatory attention is on the CLARITY Act, which aims to define U.S. crypto regulation but faces industry division, notably after Coinbase withdrew support.
On-chain, Ethereum staking demand remains strong with over 36 million ETH locked. MicroStrategy continued accumulating BTC, now holding 687,410 coins.
Market structure may be changing, with the classic "four-year cycle" potentially broken. A sustained rally may require: broader ETF adoption beyond BTC/ETH, strong continued outperformance from major assets to spur altcoin interest, and a return of retail investor attention currently focused on other high-growth sectors like AI.
Odaily星球日报01/15 06:20