#数字资产动态追踪 The market sentiment has been quite volatile over the past two days. On January 5th, the fear index was still at 26, indicating extreme fear, but by January 6th, it skyrocketed to 44, nearly doubling. This surge indeed cleared out many of the stubborn contract orders—during the previous fluctuations, most stop-losses set by traders were effective, but this time, the market moved up and caused many to be liquidated directly.

From the data, $BTC 's long-short ratio is 51.7%, and $ETH is 58.3%. Bulls are in the lead, but the advantage is not significant. Under this situation, the long-short ratio is still being suppressed, and the funding rate remains biased towards longs. The short-term logic suggests that the market will continue to push upward, forcing more longs to buy in.

Key levels must be closely watched. If Bitcoin can break through the 96-98K resistance zone, most of the short positions opened before October will be unable to escape and will be forced to close. Ethereum needs to stay above 3500 to show strength. Currently, the market rhythm has not changed; as long as the long-short ratio does not reverse and rise, the upward trend should continue.