Yesterday, the crypto market once again staged a roller coaster ride. BTC repeatedly oscillated around $95,700, with short positions liquidating to the tune of $800 million within 24 hours. Such a level of shock is never a small matter.

From a technical perspective, the 4-hour RSI has already fallen to 38, entering oversold territory, and a rebound is usually brewing at this time. The MACD green bars are shrinking, and the golden cross is essentially forming. More notably, the Bollinger Bands— the lower band support just happens to be at 93,800, which is close to the previous low of 92,000. When a double support appears, it often signals a turning point in history. After bottoming out near this level last time, BTC surged by 3,000 points directly.

The performance of ETFs is also telling a story. In the past three days, net inflows have reached around $2.2 billion, and Grayscale's holdings have surpassed 650,000 coins. What do these institutional-level actions indicate? Confirmation signals of a market bottom. Many analysts believe that the price range below 9,500 could be a deliberate accumulation opportunity created by institutions. Once the resistance at 98,500 is broken, the 100,000 level will become quite vulnerable.

Regarding ETH, recent large buy orders at the $3,300 support level are clearly visible, and whale accumulation at low levels is increasing. SOL is oscillating around 140, but fund flow data shows a sudden 300% increase in net daily inflow, indicating that institutions are quietly building positions. BlackRock's IBIT recorded a net inflow of $820 million yesterday; such a scale of incremental funds cannot be sustained by retail investors.

Overall, the market is in a sensitive time window. Technical, capital, and institutional holdings all point in the same direction—bottom confirmation and a rebound buildup. If we can hold above 94,500 today, the possibility of breaking through 100,000 within 48 hours is definitely worth paying attention to. But also remember, in such a volatile environment, risk management always comes first.