Bitcoin breaks through the $94,000 mark, with mining company stocks and crypto stocks soaring collectively in pre-market trading

MicroStrategy rose 3.5% pre-market to $163 per share, with market expectations that the company will announce a new Bitcoin purchase plan this week. Another Bitcoin reserve company, Strive, surged 12%.

AI-related mining stocks also continued their strong momentum, with Cipher Mining and IREN rising by 10% and 13% respectively last Friday, and continuing to gain over 2% in pre-market today.

Market Breakthrough

Bitcoin price broke through the key resistance level of $92,000 strongly during Asian early trading hours, reaching as high as $94,000. The market is testing the core resistance zone between $92,000 and $95,000. This price action occurs in early 2026, indicating the market is shaking off the volatility phase at the end of 2025 and entering a new consolidation and buildup period.

According to market analysis from Gate Square, the four-year cycle narrative of Bitcoin is gradually fading, evolving into an institutional-grade asset rather than just a speculative tool. Market volatility has retreated from high levels to the 30%–40% range, showing Bitcoin exhibiting more characteristics of a high-growth asset rather than merely a volatility speculation tool. This decline in volatility creates a more stable environment for institutional capital inflows.

Transmission Effect

Bitcoin’s strong performance has quickly transmitted to traditional financial markets. MicroStrategy, the most well-known publicly traded Bitcoin holding company, saw its stock rise 3.5% pre-market to $163 per share, with market expectations that it will announce a new Bitcoin purchase plan this week. The company’s perpetual preferred stock STRC, after increasing its dividend yield to 11%, is trading close to its $100 par value.

Another Bitcoin reserve company, Strive, performed even better, with a pre-market gain of 12%, and its stock approaching the $1 level. This indicates that market enthusiasm for Bitcoin concept stocks is spreading. AI and cryptocurrency mining concept stocks also performed strongly. Cipher Mining and IREN, after gaining 10% and 13% last Friday, continued to rise over 2% in pre-market today. Meanwhile, Hive Digital Technologies’ stock rose 6% to $3 per share.

Major Player Movements

Gate’s on-chain data analysis shows that when Bitcoin price stagnated in the $89,000 range with a “heartbeat” pattern, market concerns about the bull market momentum waned. However, data reveals that global capital is actually undergoing a highly covert reallocation.

Institutional capital flows show characteristics of “tactical pauses rather than strategic withdrawals.” According to monitoring data, mainstream Bitcoin ETFs recently experienced rare zero net inflows, but this does not reflect a long-term bearish view on Bitcoin. Behind this phenomenon is a chain reaction triggered by the Japanese central bank’s aggressive rate hikes—causing a sudden rise in the cost of global yen arbitrage trading funds—and Wall Street quantitative models are urgently reassessing capital costs. As the marginal cost of financing for institutional investors rises, they are tactically recalibrating the risk-reward ratio at the $90,000 level.

On-chain data shows that if major funds intended to withdraw, exchange inflows would inevitably surge, but no such signs are present. Instead, during recent market volatility, whale addresses have shown contrarian accumulation behavior.

Market Data

Below is a summary of the performance data of major cryptocurrency-related stocks in today’s pre-market trading:

Apart from cryptocurrency-related stocks, traditional metals markets are also buoyant, with gold and silver prices rising 2% and 4% respectively. The US dollar index (DXY) edged higher, approaching the 99 mark.

Price Outlook

Technical analysts remain cautiously optimistic about Bitcoin’s short-term trend. According to Gate’s market analysis, Bitcoin needs a strong daily close above $95,000 with increased volume to open the path toward $100,000. Key support levels are at $85,000 to $80,000; as long as $85,000 holds, the overall bullish structure remains intact. A break below $80,000 could lead to a deeper correction, targeting around $74,000.

MarketVector’s crypto heat index recently triggered its first “buy” signal since early April. The index currently stands at 16.8%, in the “undervalued” zone (0-25%). Historical data shows that after a “buy” signal, Bitcoin’s median return over 90 days is 20.4%, with a 1-year return of 76.7%.

Renowned technical analyst John Bollinger points out that Bitcoin is at a critical “win or lose” edge, identifying an “almost perfect base” that could propel the asset’s price into six figures. Gate community analysis shows differing opinions on Bitcoin’s price forecast for Q1 2026, with some expecting a breakout to $123,215 and heading toward $150,000.

As of today, Bitcoin’s trading price on the Gate platform fluctuates between $91,000 and $93,000, with market focus on whether the price can stabilize above the $92,000 support level. MicroStrategy’s stock remains steady around $163 pre-market, as investors await the company’s potential Bitcoin accumulation announcement. Meanwhile, AI-related mining stocks continue their rally, reflecting ongoing optimism about the integration of computing power and artificial intelligence. With the dollar index approaching 99, the simultaneous strength in traditional metals and cryptocurrencies suggests that global capital may be seeking diversified value storage outside the fiat currency system.