In the first trading day of 2026, the crypto market experienced a surge. Interestingly, behind this rally, funds from the traditional precious metals market are shifting massively into the crypto space.

Gold and silver prices have recently pulled back significantly from their highs. Industry insiders analyze that the trading positions accumulated in the precious metals sector were too dense, prompting some profit-taking funds to seek alternative avenues. Coincidentally, at this time, the crypto market rebounded strongly. Bitcoin broke through the $90,000 resistance level on the evening of January 2nd and has since remained above this price. Major cryptocurrencies like Ethereum and Solana also moved notably, with Meme coins such as PEPE and DOGE surging even more aggressively.

Looking at specific data: Bitcoin broke the $90,000 mark, rising approximately 2.03% in 24 hours; Ethereum surpassed $3,100, with a daily increase of 4.27%; Solana rose by 5.16%; the most explosive was PEPE, which jumped 25.99% in 24 hours, firmly leading the Meme sector.

Observer Garrett Jin, known as the "BTC whale agent" by the market, pointed out a key factor — the rotation of funds from precious metals into crypto has already begun. His judgment is that this inflow may continue and even accelerate this upward trend, forcing short-sellers out.

Currently, the funding environment is improving, and the narrative for the new year is unfolding, with the heat in the crypto market expected to further increase.