Analysis: The current bottoming phase of the crypto market is basically complete, and an accelerated upward trend may begin.

PANews reported on January 14 that the latest market analysis from Xinhuo Research Institute indicates that a directional breakout in the crypto market has arrived as expected. Last week, bitcoin's 30-day implied volatility dropped to 40%, the lowest since October last year. Such calm in the market is often accompanied by the emergence of a major trend. Early this morning, bitcoin broke through $96,000 and ethereum surpassed $3,300, with 24-hour gains of 4.4% and 7.4% respectively, signaling that the overall market direction has become clear.

Ding Yuan, Director of Xinhuo Research Institute, believes that the logic behind this round of price increases is solid. As the overall macro environment stabilizes in January and February, multiple favorable factors—including A16Z's $15 billion new fund focusing on crypto and the lifting of South Korea's crypto investment ban—are driving the market. The institute maintains its previous core judgment: bitcoin will challenge the $100,000 mark in the short term, and remains firmly optimistic about ethereum's "retaliatory" rebound after being oversold.