NFTBS currently benefits from increased risk appetite in the crypto market and the collective strength in the NFT sector, showing strong short-term price performance and possessing leading and defensiveness attributes. Given improved liquidity in the Asia-Pacific region and market capital rotation, upward momentum is likely to continue in the short term, with a recommended target range of 5-10% gains. However, in the mid-term, caution is advised regarding structural divergence in U.S. equities and global policy shifts that could trigger volatility. Trading strategies should involve moderate participation in sector rotation, reinforced position management, and risk prevention against potential pullbacks.

Since the beginning of the year, initial signs of market sentiment recovery in the crypto space have started to emerge, with investor risk appetite significantly increasing. Against this backdrop, the NFT sector was among the first to rally, leading to a collective upswing in related tokens. As one of the key assets within the sector, NFTBS has seen a notable short-term price surge, reflecting the market's bullish sentiment and a strong inflow of long-sided capital seeking premium opportunities from sector rotation.

CryptoQuant analyst Darkfrost noted on January 4 that the cryptocurrency market is beginning to improve, urging caution against dismissing this trend prematurely. While more data is needed for definitive conclusions, some trend changes are starting to emerge, making this a critical time to pay close attention.

Analysis: The crypto market is beginning to improve, with some trend changes gradually becoming apparent.

According to SoSoValue data reported by ChainCatcher, all cryptocurrency sectors rose, with the AI sector leading at a 6.44% increase in 24 hours. Bitcoin surged 2.37% to surpass $93,000, and Ethereum rose 2.04% above $3,200. Other notable gains include the Meme sector up 6.23%, NFT sector up 6.17%, and Layer2 sector up 4.32%. Key tokens like Virtuals Protocol, Render, Pepe, and Onyxcoin saw significant increases, reflecting broad market strength.

Data: The entire crypto sector is up across the board, with the AI sector leading gains over 6%, and BTC breaking through $93,000.

Latest market data shows the NFT sector achieved an overall 24-hour increase of over 6%, significantly outperforming the broader market. Within the sector, projects with innovative features and strong community operations received more attention, resulting in leadership effects. Leveraging its unique ecosystem applications and active secondary market performance, NFTBS quickly followed the sector's upward trend and, favored by industry capital, exhibited greater resilience and upward momentum.

Improved liquidity in Asia-Pacific markets and bullish positions in derivatives markets are helping maintain an upward trend in volatility in the short term. However, structural divergence in U.S. equities and corrections in some crypto-related stocks indicate that cross-market capital rotation may bring shocks. For NFTBS, while sentiment provides support, it is important to remain vigilant against global macro policy changes and sector adjustments that may weigh on prices, and to manage positions proactively to guard against potential pullback risks.

QCP's market analysis on January 5 highlights a strengthening crypto market in Asia, with Bitcoin and Ethereum surpassing $92,000 and $3,100 respectively, driven by US actions in Venezuela, year-end tax-loss trading, and rising crypto legislation expectations. Speculation about Venezuela holding significant "shadow Bitcoin reserves" and using USDT in oil trades could make it a major sovereign BTC holder. Options data show a bullish shift, with increased call options and straddle strategies indicating short covering and bets on upward volatility.

QCP: Venezuela Situation and Options Funding Resonance Strengthen Bullish Expectations in the Crypto Market

NFTBooks

Safe-haven retreat + rising expectations of interest rate cuts, dollar bulls collectively retreat!

Eurozone: Stagflation risk builds after Iran conflict – Rabobank

USD: Stagflation Risk Supports Resilience – OCBC Bank

ECB: Limited case for renewed rate hikes – Commerzbank

Fed rate cut pushed back to late 2026 on war-related inflation risks

The Federal Reserve is expected to cut interest rates at least once this year, supported by 71 economists.

Simkus: Cannot rule out the possibility of the European Central Bank raising interest rates this year.

USD: Recovery restrained as conflict risk seen low – DBS

On April 21, during a hearing in the U.S. Senate, current Federal Reserve Chairman Powell was mentioned 10 times.

CICC Research Report: Walsh's statements at the hearing have shown a tendency to cut interest rates.

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