Bitcoin surged directly to $96,000 today, instantly revitalizing the entire market. Ethereum also held steady, firmly maintaining the $3,300 level. Such breakthroughs at key price points truly stand out.
The main reasons behind this rally are quite clear. On one hand, the US inflation data released was much milder than market expectations, prompting a reassessment of the Federal Reserve's policy pace and easing tense market sentiment. On the other hand, technical short squeeze also played a significant role—after the price broke through critical levels, those holding short contracts were forced to close their positions, and passive buying pressure pushed the market even higher, creating a self-reinforcing upward momentum.
The sector rotation in recent days has been very obvious. The "AI + Crypto" narrative is highly popular, with discussions around AI-powered applications gaining traction. The Solana ecosystem is also quite lively, with applications increasingly targeting end-users and gaming. Additionally, infrastructure layer competitions such as Ethereum Rollups and privacy solutions feature deep technical discussions.
Looking at today's gains, it's truly a multi-faceted rally. The NFT sector led the entire market with an 8.34% increase, with representative projects like Pudgy Penguins and ApeCoin performing strongly. Meme coins followed closely, with an overall rise of 7.31%, reigniting activity among long-standing "star" tokens. Layer2 and DeFi sectors also rallied along with the broader market, with gains in the 6%-7% range.
However, amidst the prosperity, it's important to recognize internal market differentiation. For example, tokens like MemeCore are adjusting, indicating not all sectors are moving in sync. This bullish candlestick is crucial, potentially signaling a confirmation of a phase bottom. In the short term, market focus will definitely be on the $100,000 level, and whether the rally can extend further. Key support levels to watch are around $94,500.
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NeonCollector
· 4h ago
Is it already 96k? Those rushing to buy the dip should be laughing; this squeeze is really fierce.
The bears were caught off guard, then quickly pushed the price up—a classic move.
NFTs are alive again? Pudgy Penguins are about to take off? Let's see if they can break the previous high.
The 100,000 level must be held; otherwise, it's just a false alarm again.
MemeCore has fallen behind. What do you mean by marching in step? The divergence is quite obvious.
I just want to know how long the 94,500 support can hold.
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Blockblind
· 7h ago
Did 96,000 really break? I was still dreaming yesterday. The bears are definitely going to be crushed this time.
Buying Pudgy was really profitable. The NFT suddenly coming back to life was a bit unexpected.
100,000 is right in front of us. Let's see if we can push through.
The AI agency narrative is really hot right now, many projects are trying to leverage this.
The SOL ecosystem is starting to stir again. The gaming sector indeed has some imagination.
MemeCore is still falling. It seems it's not all moving in sync; we need to pick the right projects.
If 94,500 can't hold, there will be a pullback. Then another wave of panic.
Ethereum is probably just along for the ride this time; it feels like Bitcoin is still the main character.
The mild inflation data should have come out already; we've been worried about this for so long.
This bullish candle really feels like a turning point.
View OriginalReply0
SignatureDenied
· 7h ago
After breaking 96k, the bears should be crying, but can this level of 100,000 really be broken? It feels a bit uncertain.
Just based on the hype around AI + crypto, it seems like it's time to get in early. Entering now feels a bit awkward.
NFTs are making a comeback? The Pudgy I bought last year, can I finally get out of it now? Haha.
The Solana ecosystem is truly outstanding. I've always been optimistic about the gaming direction; there are way more infrastructure discussions compared to Ethereum.
The divergence is real. The MemeCore adjustment shows that not everything rises together; you still need to choose the right projects.
Breaking the 94500 level will determine whether we can push towards 100,000 later. It all depends on these next couple of days.
View OriginalReply0
WhaleInTraining
· 7h ago
96k, finally this wave is here. I knew it was going to take off the moment the short squeeze exploded.
NFT is leading again? I've been optimistic about this sector. Pudgy and these guys really have something.
Just worried about a pullback to 94.5, gotta hold the line, brothers.
How long can the AI crypto narrative last? Feels a bit over the top.
The 100,000 integer level is definitely a hurdle. Whether it breaks or not depends on the next couple of days.
The game direction on Solana looks promising, more substantial than the previous PFP hype.
But on the other hand, MemeCore's adjustment is a signal, not everything is going up.
This short squeeze was really satisfying; passive buying pressure pushed it up forcefully.
Ethereum holding at 3300 is still relatively stable, but the pace feels a bit slow.
When inflation data is good, it’s like this; once it turns bad, the true nature is immediately revealed.
View OriginalReply0
ForkMonger
· 7h ago
nah this squeeze play is textbook governance failure waiting to happen—these coordinated pumps always expose which protocols can actually handle volatility vs which ones crumble under pressure
Reply0
WalletInspector
· 8h ago
It's already at 96k, and this wave really caught us off guard. The bears are being squeezed tightly. However, 100,000 is the real psychological barrier, and it feels like whether we can break through this line is what truly matters.
Bitcoin surged directly to $96,000 today, instantly revitalizing the entire market. Ethereum also held steady, firmly maintaining the $3,300 level. Such breakthroughs at key price points truly stand out.
The main reasons behind this rally are quite clear. On one hand, the US inflation data released was much milder than market expectations, prompting a reassessment of the Federal Reserve's policy pace and easing tense market sentiment. On the other hand, technical short squeeze also played a significant role—after the price broke through critical levels, those holding short contracts were forced to close their positions, and passive buying pressure pushed the market even higher, creating a self-reinforcing upward momentum.
The sector rotation in recent days has been very obvious. The "AI + Crypto" narrative is highly popular, with discussions around AI-powered applications gaining traction. The Solana ecosystem is also quite lively, with applications increasingly targeting end-users and gaming. Additionally, infrastructure layer competitions such as Ethereum Rollups and privacy solutions feature deep technical discussions.
Looking at today's gains, it's truly a multi-faceted rally. The NFT sector led the entire market with an 8.34% increase, with representative projects like Pudgy Penguins and ApeCoin performing strongly. Meme coins followed closely, with an overall rise of 7.31%, reigniting activity among long-standing "star" tokens. Layer2 and DeFi sectors also rallied along with the broader market, with gains in the 6%-7% range.
However, amidst the prosperity, it's important to recognize internal market differentiation. For example, tokens like MemeCore are adjusting, indicating not all sectors are moving in sync. This bullish candlestick is crucial, potentially signaling a confirmation of a phase bottom. In the short term, market focus will definitely be on the $100,000 level, and whether the rally can extend further. Key support levels to watch are around $94,500.