Analysis: The crypto market has largely completed its bottoming process and may be entering a period of accelerated upward movement.

PANews reported on January 14th that the latest market analysis from Newfire Research Institute indicates that a directional breakout in the crypto market has arrived as expected. Last week, Bitcoin's 30-day implied volatility dropped to 40%, the lowest level since October of last year. Such a calm market often precedes a significant directional move. This morning, Bitcoin broke through $96,000 and Ethereum broke through $3,300, with 24-hour gains of 4.4% and 7.4% respectively, indicating a clear market direction.

Ding Yuan, Dean of Xin Huo Research Institute, believes that the logic behind this round of price increases is solid. With the overall macroeconomic environment stabilizing in January and February, the 15 billion yuan new fund of A16Z focusing on crypto and the lifting of the ban on crypto investment in South Korea are among the multiple positive factors driving the rise. The institute maintains its previous core judgment that Bitcoin will challenge the $100,000 mark in the short term, while firmly optimistic about Ethereum's "revenge" rebound after the oversold condition.