In 2026, the crypto market started with a series of continuous upward movements, pulling investors' sentiment back into the risk asset camp. Interestingly, geopolitical risks are also catalyzing safe-haven demand, with two capital flow clues intertwining and interacting in the short term, leading to intriguing turning points in Bitcoin's price structure and capital flow directions.

According to market data, Bitcoin surged from $91,270 in the early morning of January 5th to $92,500, even touching above $94,000 during the session. Mainstream cryptocurrencies also followed with moderate gains. What is truly worth noting in this rally is not the absolute value of the single-day increase, but the fact that the closing focus has been rising for several consecutive days. The market is reinterpreting this rebound from a short-term technical recovery to a genuine return to a medium-term trend. The breakthrough of price ranges has gradually reinforced this expectation.