#密码资产动态追踪 Bitcoin starts the new year strong. Can it shake off the shadows of late last year?

This Monday, Bitcoin surged by 3.1%, instantly breaking through the $94,000 resistance level. As of now, the price is $93,244, up more than 6% since the beginning of the year. This rebound is indeed significant and has caught the attention of many again towards this established asset.

Renowned analyst Tom Lee recently made a statement — he firmly believes that Bitcoin is far from peaking, boldly saying, "Before the end of January, Bitcoin may hit a new all-time high." It’s worth noting that he missed the mark at the end of last year (originally expecting to break $200,000 by the end of 2025), but this time he is more calm and confident. Why? Lee believes that although there will be volatility in the first half of this year — institutions are making strategic adjustments, and the crypto market is undergoing reshuffling — this is precisely a "battery" for the big market move in the second half.

Where is the change in market sentiment reflected? The options market has the most say. Traders clearly favor the $100,000 level. Among options contracts expiring on January 30, the highest trading volume is at the $100,000 strike price, which is twice as high as the $80,000 put options. What does this indicate? It shows that people are gradually less afraid of a sharp decline.

Jake Ostrovskis, head of OTC trading at market maker Wintermute, straightforwardly said that the put premium in the market is narrowing, and investors’ panic over the "worst-case scenario" is dissipating. This itself is a positive signal.

Compared to the suffocating market bottleneck at the end of last year, the atmosphere at the start of this year is noticeably different — much more stable and orderly. The direction of the asset market often hides in these "subtle changes."