Bitcoin Spikes to $97,700 as $700M Shorts Get Wiped Out 🔥
Bitcoin surged from $95,000 to $97,700 on January 14, fueled by a massive $753.7 million in U.S. spot ETF inflows—the largest in three months. BlackRock’s Bitcoin ETF led the charge, reinforcing institutional demand.
⚡ Key highlights:
• $700M+ in short liquidations accelerated the move
• +$130B added to Bitcoin’s market cap
• Stocks diverged: S&P 500 & Nasdaq both fell ~1%
• Social buzz exploded with $100K predictions and influencer giveaways
🧠 Mixed sentiment:
While bulls see momentum toward $100,000, critics like Peter Schiff warn it’s a “sucker’s rally,” citing elevated leverage and overheating risk.
All eyes now on whether BTC can hold above $97K or if volatility strikes again.
