On January 5th, regarding the recent rebound in the crypto market, SynFutures COO Wenny Cai stated, "The significant increase in average Bitcoin inflows on Binance indicates that large holders are becoming active again. This is typically an early signal of a new round of speculative activity, rather than retail-driven market noise. However, the current market action is more like a readjustment after several weeks of thin positioning, with traders testing upside potential rather than building large positions. Bitcoin is expected to remain range-bound with significant volatility in the first quarter, with direction depending on ETF inflows and institutional strategies."
"While the events in Venezuela have no direct impact on crypto prices, they have made the geopolitical situation more unstable," said Derek Lim, head of research at cryptocurrency market maker Caladan. He warned that the ripple effects of this move "could trigger market-moving panic events."
Lim also pointed out that despite the cautious sentiment, the re-entry of large holders after a period of accumulation marks a shift in market dynamics. Long-term Bitcoin holders have turned net buyers for the first time in months, meaning that even within established trading ranges, prices have built a more solid support base.
