In early 2026, Bitcoin's market experienced a strong surge, breaking through the $93,000 mark. Behind this rally, the active performance of the Asian market and the re-entry of funds played a significant role. Mainstream cryptocurrencies such as Ethereum, XRP, BNB, and Solana also followed the upward trend, showing a clear pattern of widespread rebound.

However, the market was not smooth sailing. Analysts have noted that there is significant selling pressure around $95,000, which has become a key resistance level for the bulls. At the same time, geopolitical factors are also stirring market sentiment—conflicts between the US and Venezuela have escalated, risk appetite has been re-priced, and market uncertainty and volatility have increased.

This emotional fluctuation is directly reflected in liquidation data. Approximately $141.2 million worth of positions were liquidated in a single day, with shorts being the main "victims." The turmoil in Venezuela's political situation further heightened market tension, causing oil prices to drop accordingly.

Currently, traders are closely monitoring signals from the Federal Reserve's interest rate policy and US employment data—two major macro indicators. These data points will, to some extent, determine the medium-term market direction.