Influenced by former President Trump's speech at the Davos Forum, market sentiment shifted, with Bitcoin soaring to nearly $90,000 and Ethereum breaking through $3,000. Trump's remarks eased geopolitical tensions. He ruled out the possibility of using force in Greenland and emphasized making the United States a digital asset hub, which stimulated a broad increase in market risk appetite. The US stock market surged significantly, with the Dow Jones Industrial Average rising 588 points, while the overheated gold rally cooled down. This market volatility triggered $606 million in cryptocurrency liquidations, with nearly equal amounts of long and short positions being liquidated.