Bitcoin leads the market trend, surging over 7% in the past 24 hours to around $92,900, bringing the overall market capitalization to approximately $3.15 trillion, with a daily increase of 7%.

This strong rebound comes amid continued improvement in industry sentiment. The Fear and Greed Index has risen to 22; while still in the "fear" range, it is noticeably higher than the extreme fear levels at the beginning of the week. Trading activity remains elevated, with Bitcoin's 24-hour trading volume alone exceeding $8.48 billion—indicating market participants are increasing their exposure rather than waiting for the next dip.

Broad Market Strength
Almost all major assets participated in this round of gains.
Ethereum rose 8.9% to $3,060, with trading volume exceeding $29 billion USD.
XRP climbed 9% to $2.20, putting the token back into a short-term uptrend.
BNB gained over 8% to about $898, continuing its steady recovery momentum.
Solana was one of the best-performing assets, rising 11.6% in 24 hours to $142, with trading volume near $7 billion USD.
Stablecoins remain anchored, with USDT holding at $1, but 24-hour trading volume reached $12.66 billion—indicating market liquidity is returning.

Downtrend Breakout?
Market analysts point out that the main drivers of today's rally are short position liquidations, improving macro environment, and easier access to US ETFs. The CMC20 Index, which tracks major large-cap crypto assets, rose 7.87%, confirming that this recovery is broad-based and not limited to Bitcoin alone.

Technical indicators are also improving. The average RSI of the crypto market has reached 55.55, moving the market out of the oversold zone and indicating that the momentum of major assets is strengthening.

What's Next?
Traders are watching whether Bitcoin can hold above $93,000, a key psychological level. A strong close above this range could open the way to the next major resistance around $95,000; failure to hold may lead to another test of the upper $80,000 range.

Currently, market confidence is recovering, but as sentiment remains fragile and leverage is high, volatility is expected to remain elevated over the next few trading days.