#以太坊大户持仓变化 $BTC $ETH Market Brief Today: U.S. stocks' crypto concept stocks rebound combined with on-chain capital movements, jointly driving the price of coins higher.

**Market Overview**
Bitcoin has surged past the $94,000 mark, hitting a nearly one-month high. This rally is driven by multiple factors. Looking at market sentiment indicators, they have shifted from fear to a neutral position, but there is still a long way to go before reaching true euphoria.

**Dual Resonance of Capital and Sentiment**
Last night, U.S. stocks performed remarkably well—crypto concept stocks collectively strengthened, with an average increase of 5%-10%, and funds flowed back into crypto-related sectors. Meanwhile, an on-chain issuance of 500 million USDC liquidity in the early hours directly supported the coin prices. The combination of these two forces is the fundamental reason behind the sustained market rally.

**Are Global Funds Rising Simultaneously?**
Interestingly, traditional safe-haven assets are also rising in tandem. Spot gold is gaining strength, indicating that it’s not just a simple risk asset rotation, but a global capital uplift across various asset classes. Both risk assets and safe-haven assets are almost universally favored.

**Geopolitical Variables Continue to Ferment**
The situation in Latin America remains calm, while Greenland issues continue to be a focal point. Such uncertainties reinforce bullish expectations for precious metals. But frankly, their direct impact on the short-term crypto market is limited.

**Macroeconomic Data Is the True Divider**
Since Wednesday, the market focus has shifted back to U.S. employment data. Wednesday’s "Small Non-Farm Payrolls" kicks off the week, followed by Friday’s "Major Non-Farm Payrolls." These data points will directly determine whether the "January Effect" can continue—historically, the January Effect tends to concentrate in the first two weeks, and non-farm payroll data are often key turning points for market phases.

**A Few Trading Reminders**
The second resistance level on ETH’s daily chart is around $3400. It is advisable to gradually reduce positions and control exposure. U.S. stocks are still at high levels; any correction could quickly dampen market sentiment, and this negative sentiment can easily spread to the crypto space. In other words, before any substantial positive news emerges, keeping cash reserves is a smart move—don’t be fully invested, leave room to handle volatility.

$SOL Other assets are also worth watching, but the core logic remains the same: follow the rhythm of U.S. stocks, pay attention to employment data, and manage risks.