9.47万美元：Bitcoin dapat menembus level kunci ini?

Glassnode co-founder recently pointed out that the key level Bitcoin needs to break through is $94,700. Once the daily closing price reaches this level, the probability of retesting the all-time high will increase significantly. This assessment has drawn market attention, as the current BTC price still has some distance from this key level, and the market environment also contains considerable variables.

Technical Significance of the Key Level

Why is $94,700 important

According to Glassnode co-founder Negentropic’s analysis, the $94,700 price level holds important technical significance. What does breaking through this level mean? According to the analysis, once the daily closing price confirms above $94,700, the probability of the market retesting the all-time high will increase significantly. This indicates that this level is not only a technical resistance level, but also a psychological threshold.

How far is the current distance

Based on the latest data, BTC’s current price is $91,474.94. This means:

Numerically, the distance is not too far, but in the crypto market, this $3,000+ space requires sufficient buying support to break through.

Complexity of the Market Environment

Trading Volume and Liquidity Dilemma

Interestingly, Glassnode’s latest data shows that Bitcoin and altcoin spot trading volume has hit a new low since November 2023. This creates an interesting contrast: prices are rising, but trading volume is shrinking. What does this typically mean? Liquidity is thinning, and the momentum for price increases may be insufficient.

Funding Rates Still Need Monitoring

The 7D-SMA funding rate of major perpetual futures markets has rebounded from around 0% to around 0.005%, then declined to around 0.003% over the past 24 hours. Glassnode’s assessment is: the current environment still provides support, but has not yet reached a decisive level. In other words, the market has not yet entered that kind of euphoric long position state.

Potential Volatility on Friday

The news flash mentions that on Friday this week (January 10th), market volatility will occur because the probability of tariffs being determined unconstitutional exceeds 70%. This political factor may bring short-term disruption to the market. The key lies in the details of the unconstitutionality determination—this determines the magnitude of the market’s reaction.

Summary

Bitcoin still has approximately 3.5% upside to the $94,700 key level. Once this level breaks, it could indeed open the door to retesting the all-time high. However, the current market environment requires attention: trading volume is at low levels, funding rates while improved are still not strong enough, and Friday’s potential political factors volatility also needs monitoring. Simply put, breaking through this level requires stronger buying support, not merely price pushes. Subsequent observation should focus on whether trading volume can match the price increase, and the actual impact of Friday’s tariffs-related news.