TechFlow news, January 5th, QCP released a briefing stating that the cryptocurrency market broke through its range-bound trading during the early Asian trading session, with Bitcoin and Ethereum surpassing the $92,000 and $3,100 marks respectively. This rally coincided with the U.S. detention action against Venezuelan President Maduro, alongside rising stock markets and weakening oil prices.
Market rumors suggest that Venezuela may hold a significant amount of "shadow" Bitcoin reserves, potentially comparable to institutional investors. If true, this would make Venezuela the largest sovereign holder of Bitcoin. This aligns with the country's trend since 2024 of using cryptocurrencies like USDT in oil transactions.
The options market indicates a shift to positive investor sentiment, with reduced put skew, and over 3,000 call option contracts expiring on January 30, 2026, with a strike price of $100,000 have been purchased since last week. However, analysts caution that the pattern of sustained profit-taking during U.S. trading hours still warrants vigilance.
