PANews reported on January 14th that, according to Greeks.live analysis, Bitcoin successfully broke through the $95,000 resistance level, leaving its nearly two-month consolidation range. Since breaking below this key level in mid-November, Bitcoin had been fluctuating at low levels. Ethereum saw a larger increase, but its performance wasn't as strong as BTC's, remaining within a $3,400 range. This was reflected in block trades, with Bitcoin block trades reaching $1.7 billion, accounting for over 40% of the day's total, while Ethereum block trades only reached $130 million, accounting for just 20%, indicating a clear market focus on Bitcoin's bullish sentiment.

On the other hand, today's futures trading volume did not increase significantly, and the implied volatility (IV) of major maturities did not rebound much. The derivatives market has not yet entered a structurally bullish phase. The current trading structure is more like a stress response to the sudden rise, and the long-term view has not yet turned to a bull market.