2026-01-12 06:24:10

Recently, there have been some interesting signals in the market. BTC is currently fluctuating around $92,200, with a 24-hour increase of about 1.64%. ETH is also rising, up approximately 2.18% near $3,165.

The most noteworthy development is at the institutional level. Morgan Stanley has submitted an S-1 form to the SEC, planning to launch its own spot BTC and ETH ETFs. This is the first time among mainstream American banks to enter the market so directly. Wall Street's attitude towards digital assets is indeed changing, and this time it's not just talk.

On-chain, Ethereum's activity has hit a new high. The development of Layer 2 solutions and declining fees are reinforcing ETH's long-term value as infrastructure. This is not hype; genuine usage demand is supporting it.

This market rebound is mainly driven by two factors—first, the continuous inflow of institutional funds; second, the safe-haven demand brought by geopolitical news. BTC is approaching $94K, and ETH remains stable above $3.2K. These reflect the market's recognition of digital assets as a tool for asset allocation.

There's also a detail worth noting today: the CFTC has launched a pilot program allowing BTC and ETH to be used as collateral for regulated derivatives. While this seems technical, it is actually another important signal of institutional adoption of digital assets. Regulatory cooperation will significantly reduce concerns about institutional entry.

On Robinhood's prediction market, traders are very active in betting on BTC's price tonight, indicating high short-term volatility expectations. Overall, after digesting employment data, the market has begun to rebound with a solid bounce—supported by institutions, regulation, and on-chain fundamentals.

In the short term, focus on the resistance level at 92K and the subsequent impact of the CFTC pilot on market sentiment. If these positive factors continue to develop, the structural improvement of the market may just be beginning.

BTC3,14%

ETH5,08%

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CascadingDipBuyer

· 9h ago

Is Morgan Stanley really launching a BTC ETF? Wall Street is truly panicking This wave of institutional entry feels different, and regulators are cooperating as well. Short-term volatility might still be quite significant. If 92k can't be broken, it would be a bit awkward, but on-chain data still supports it. CFTC's move was well played, definitely giving institutions a sense of reassurance. Major banks are starting to get involved, what are retail investors still hesitating for? We should see 94k, but the key is whether it can hold steady. Regulatory friendliness encourages institutions to enter; this time really feels different.

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RektHunter

· 01-12 06:53

Morgan Stanley entering the market and directly buying spot ETFs? If this really happens, Wall Street will go crazy. Morgan Stanley made a bold move, directly submitting the S-1 without any pretense. Institutions are really coming in; this time it's not just talk, money is speaking. A decrease in L2 fees is the real demand, not just hype. Will the 92k barrier be broken or will it be tested repeatedly? The regulatory cooperation by the CFTC has indeed smoothed the process, making institutions less worried. How high can short-term volatility go? The betting game has begun. Wall Street's attitude shift, let’s see how the coin price moves. But can 94k really be reached? It still seems to depend on geopolitical factors. The new on-chain heat signal is good; it’s supported by genuine demand.

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GateUser-26d7f434

· 01-12 06:43

Morgan Stanley's move is quite aggressive this time. Wall Street is really about to get involved. But as always, institutions may enter, but retail investors should keep an eye on their 92k. Layer 2 fees have come down, and ETH's fundamentals are indeed solid. Wait, is the CFTC pilot program real or not? It seems like every time regulatory news comes out, it's the same. With such short-term volatility, be careful chasing the highs.

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ThatsNotARugPull

· 01-12 06:36

Morgan Stanley is really about to enter the market, Wall Street is serious, not just talk. What does this step by Morgan Stanley mean? You guys should understand that the threshold for institutions to allocate digital assets has been completely opened. Whether the 92k level will break or not is crucial; if it breaks, it will head straight to 94k. On-chain data doesn't lie; ETH activity reaching a new high indicates that the demand is genuinely there. The CFTC pilot program may seem small, but in fact, it has given institutions a sense of reassurance, and there will be more follow-ups. Short-term volatility is so high, yet the market is still pushing upward, which is a bit scary. A true rebound needs to be supported by fundamentals, and this time it looks pretty good.

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GweiWatcher

· 01-12 06:33

Morgan Stanley's entry is really a turning point; Wall Street is finally not pretending anymore. This wave of BTC price increase definitely feels different, supported by institutions, regulation, and real usage volume. Layer 2 fees have come down; ETH is truly the long-term real deal. Has it broken 92k? This level feels very critical. The CFTC pilot program doesn't seem like much; it's actually paving the way for big institutions. Regulatory cooperation plus institutional entry—that's what a bull market should look like. Is the hype on Robinhood really that high? Short-term volatility expectations are indeed quite large. A good rebound quality is great, but I'm worried it might just be another trap to lure buyers. Trying for 94k—if it truly breaks through, it would tell a good story. As for geopolitical risk hedging demand, how can they be so shameless? It's just pure hype.

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