Bitcoin successfully breaks through the $90,000 mark, and market risk appetite clearly rebounds. The latest on-chain data and exchange figures indicate that this rally is mainly driven by genuine buying demand in the spot market. As a result, several market analysts have characterized it as a "structurally healthy" rebound.

Why is this assessment worth noting? Simply put, this rise is not fueled by reckless leverage speculation, but by real investors buying with actual funds in the spot market. This kind of upward movement driven by fundamentals appears more stable compared to prices inflated purely by hype. It suggests that some institutional and retail investors genuinely have confidence in the future market prospects.

However, a word of caution is necessary. The popular phrase "structurally healthy" in the market is essentially an optimistic judgment by analysts based on spot data, but it doesn't tell the whole story. Factors such as macro policy environment, large institutional movements, and technical support levels can all influence subsequent trends. Moreover, historical experience shows that markets can experience corrections at any time, and nothing is absolutely certain.

Therefore, although this rebound looks promising, it is still advisable to remain rational and not get carried away by the upward momentum. Set stop-losses, manage your positions carefully, and avoid going all-in on temporary optimism. Cryptocurrency markets are highly volatile, and risks are always present.