Today is the ninth day of the Lunar New Year. From yesterday (the eighth day) when markets reopened after the holiday to today, the cryptocurrency market has experienced a sharp shift from “holiday sentiment” to “real trading battles.”
Here is an in-depth review of the market movements over these two days (the eighth and ninth days of the Lunar New Year):
1. Market Trends: From “Opening Win” to “High-Position Divergence”
Eighth day of the Lunar New Year (2/24): Opening Win, Sentiment Rebounds
As the Asia-Pacific region resumes work, market liquidity significantly returns. BTC successfully recovers the key level of $68,000 yesterday, reaching a high of around $69,200.
Ethereum (ETH) performed even better, benefiting from increased staking protocol activity after the holiday. ETH briefly surged past $2,010, marking its first return above $2,000 since the Spring Festival holiday.
Ninth day of the Lunar New Year (Today 2/25): High-Range Fluctuation, Exchange Rate Battles
Today, BTC fluctuated around $68,500, with slight intraday declines.
Notably, the BTC/ETH exchange rate showed significant volatility today. According to the latest data, the BTC/ETH ratio remains around 34.15. Compared to the morning level of 34.58, ETH demonstrated strong rebound resilience, creating a “Ethereum strong, Bitcoin sideways” scenario.
2. Key Influencing Factors Analysis
Liquidity Return: After the eighth day, as markets reopened, the off-exchange premiums of stablecoins (USDT/USDC) rebounded, signaling funds re-entering the market post-holiday.
Institutional and ETF Dynamics: According to yesterday’s data, spot ETFs ended their holiday lull, recording about $120 million in net inflows, providing physical support for BTC’s stabilization around $68,000.
Technical Resistance: Currently, BTC is challenging the strong resistance zone of $70,000. The sideways movement over these days appears more like a “power buildup” rather than a reversal downward.
3. Data Review Table (Eighth vs. Ninth Day)
Indicator
Eighth Day of Lunar New Year (2/24)
Ninth Day of Lunar New Year (2/25)
Trend Outlook
BTC Average Price
$68,900
$68,450
Looking for $70,000 breakthrough
ETH Average Price
$2,005
$1,998
Stabilize above $2,000 as core task
Market Sentiment
35 (Fear)
42 (Neutral to Slightly Low)
Sentiment significantly rebounded
Market Summary:
Over these two days, the market has transitioned from a “New Year mode” to a “battle mode.” Although there was a slight pullback today, it is a healthy high-level turnover. As the BTC/ETH exchange rate declines, signs point to market hotspots shifting toward the Ethereum ecosystem and altcoins.
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2026 Post-Holiday Opening: Liquidity Returns, BTC Breaks Through the 70,000 Level, ETH Reenters the "2000" Era
Today is the ninth day of the Lunar New Year. From yesterday (the eighth day) when markets reopened after the holiday to today, the cryptocurrency market has experienced a sharp shift from “holiday sentiment” to “real trading battles.”
Here is an in-depth review of the market movements over these two days (the eighth and ninth days of the Lunar New Year):
1. Market Trends: From “Opening Win” to “High-Position Divergence”
2. Key Influencing Factors Analysis
3. Data Review Table (Eighth vs. Ninth Day)
Market Summary:
Over these two days, the market has transitioned from a “New Year mode” to a “battle mode.” Although there was a slight pullback today, it is a healthy high-level turnover. As the BTC/ETH exchange rate declines, signs point to market hotspots shifting toward the Ethereum ecosystem and altcoins.
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