Family, Bitcoin has finally done something big these past two days – it broke the 93,000 mark!
This is a new high since mid-December 2025, and to be honest, the market was clearly taken aback by this surge. The reason is not complicated: ETFs are really performing well . Last Friday alone, spot ETFs saw a net inflow of $471 million , with large orders returning after a long absence.
But there's a detail here: don't rush to declare a "bull market correction." This wave of money is very likely related to "year-end tax operations." Simply put: sell at the end of the year, buy back at the beginning of the year. In December 2025, many institutions will sell their ETFs with paper losses to offset taxes; then, at the beginning of 2026, they'll buy back what they need. It's not a sudden bullish sentiment; it's just that the financial procedures are complete .
So what you see is: ETF funds are flowing in sharply, and the price is pushed directly to 93,000, but this does not automatically mean a trend reversal.
Looking at the market again, things are actually a bit subtle. Prices have gone up, but new CME futures gaps have quietly appeared . And there's more than one. If things follow the usual pattern, these gaps will eventually be filled, and once they are, prices could very well return to around $88,000 . A sharp rise over the weekend followed by a correction on the weekday—this isn't the first time we've seen this scenario.
Interestingly, the macroeconomic side didn't "make things worse."
The real test now lies in the data. This week, the ADP, ADP, and non-farm payroll data will be released in quick succession. If the employment situation begins to cool significantly, the market will continue to bet on interest rate cuts; however, if the data is strong, the Federal Reserve will not easily back down, and any rebound could easily turn into a "sentiment-driven bounce."
Returning to Bitcoin itself, this rally has a structural highlight : it has rebounded above the 50-day moving average.
This is the first time since the end of October. In the past few months, every rebound has been stuck below the moving average, a classic case of "being hit as soon as it rises." But now, at least the price has turned around, which is a structural plus.
More importantly, the area below. The $84,000–$85,000 range has seen the largest accumulation of shares in recent years, representing a true "consensus cost zone." As long as the price remains above this range, pullbacks are more likely tests than crashes.
Of course, we can't be too certain. If the 50-day moving average of $89,200 fails to hold, and the CME gap is filled, the market will most likely return to its starting point. However, if it can retrace without breaking through and then regain its footing, the market pattern may shift from "sell on rallies" to "buy on pullbacks."
The current market situation: The breakthrough of 93,000 is a signal; but whether it can turn into a trend depends on whether the 50-day moving average will cooperate.
Whether this is a short-term rebound or a medium-term reversal, the next few candlesticks will tell you the answer.
The opportunity will be gone in the blink of an eye, everyone gather quickly!
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