When the big trend truly arrives, the market movement often exceeds retail investors' expectations. Recently, institutional actions in altcoins have been very typical—by pumping up popular tokens, they completely ignite the market's FOMO sentiment. This step is crucial because when the sentiment is fully fueled, retail investors start to enter the market wildly, and contract positions will increase sharply. The incremental funds from contracts will ultimately drive the spot prices higher, forming a complete linkage effect.

The entire logical chain ultimately points to a goal—mainly pushing BTC back to the $100,000 mark. However, before that, the market needs to break through some intermediate resistance levels. For example, there is a key node at 95,000 right now. How much selling pressure exists at this level largely determines the subsequent pace. Therefore, in the past few days, the 95,000 level will become the focus of the bulls and bears' contest.