On Monday during the Asian trading session, Bitcoin price rose over 1%, briefly breaking through the $93,000 mark. It is currently fluctuating around $92,500 and is on track to achieve its fifth consecutive trading day of gains. This will set the longest single-day consecutive increase for Bitcoin since early October, with market sentiment clearly improving.
From the overall market performance, mainstream cryptocurrencies are also strengthening in unison. Assets such as Ethereum, Solana, and XRP generally increased by 0.7% to 1%, reflecting a recovery in risk appetite. The broader crypto index also rose, indicating that capital is not only concentrated in a single asset but is showing a structural reflow.
Analysts believe that this rebound is closely related to the fading of year-end factors. Previously, Bitcoin and the overall crypto market were under pressure due to U.S. investors engaging in tax-loss harvesting at year-end. As options expire and tax-related selling pressure subsides, institutions and trading desks are re-allocating risk budgets at the start of the new year, becoming a key driver of price recovery.
Meanwhile, geopolitical uncertainties are also reinforcing Bitcoin’s narrative as a “safe-haven asset.” Recently, tensions in Latin America have escalated, and after the U.S. took action against Venezuela, concerns about regional risks and global stability have increased. Against this backdrop, Bitcoin has risen in tandem with traditional safe-haven assets like gold and silver, indicating that some funds are viewing it as a hedge against geopolitical risks.
From a macro perspective, short-term oil prices remain relatively stable, helping to ease inflation pressures. However, the market has already begun to price in the potential for future energy supply disruptions and liquidity tightening. This environment has allowed Bitcoin to regain its medium- to long-term allocation value amid expectations of high interest rates.
On the technical side, as long as Bitcoin’s price remains above the 21-day exponential moving average, the short-term trend remains bullish. More notably, the capital flow is sending positive signals. Data shows that the daily net inflow into Bitcoin spot ETFs exceeded $470 million, reaching a two-month high, indicating that institutional funds are re-entering the market.
Overall, with ETF capital inflows, the fading of tax-related selling pressure, and rising safe-haven demand, Bitcoin’s short-term momentum still has upward potential. For investors paying attention to Bitcoin price movements, ETF fund flows, and the crypto market’s safe-haven attributes, this may be a critical window period.
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