Bitcoin and Ethereum have surged past $92,000 and $3,100 respectively, as cryptocurrencies broke out of December's narrow trading range in early Asian markets. This upward movement coincides with rising stock markets and falling oil prices, following US actions leading to the detention of Venezuelan President Maduro. The increased correlation between cryptocurrencies and broader risk assets suggests a potential shift in market dynamics, reinforcing a bullish outlook for the new year. Market rumors suggest Venezuela may hold a significant "shadow" Bitcoin reserve, potentially making it the largest sovereign Bitcoin holder if confirmed. Additionally, the US could add any confiscated Bitcoin to its strategic reserves, reducing the likelihood of a forced sell-off. In the options market, a decrease in put skew and significant call option purchases indicate a shift towards a more positive market sentiment, with potential for a gamma-driven acceleration if spot prices continue to rise.