Bitcoin's strong surge triggered a chain reaction in the market. BTC temporarily soared to around $97,000, as short covering and safe-haven funds flowed in, jointly pushing the price higher. This rally directly triggered over $700 million in short position liquidations. Meanwhile, ETH also broke through the $3400 resistance level in the short term, with a 24-hour increase of over 6%, followed by a technical correction. Market risk appetite has significantly increased, reigniting investors' expectations for Bitcoin to reach the $100,000 mark. This chain reaction indicates that both liquidity and sentiment are undergoing subtle changes, and continued attention should be paid to subsequent technical performance.