$BTC Bitcoin Market Overview:
Bitcoin has surged past $96,000, marking an eight-week high and triggering approximately $700 million in short liquidations. This dramatic rally represents a significant breakout from the consolidation range that has characterized the past two months of trading. The momentum shift comes as BTC reclaimed the critical $94,000-$96,000 resistance zone, with traders now eyeing the psychological $100,000 level. According to Polymarket, there's currently a 73% probability that Bitcoin will reach $100K in January 2026.
Key Catalysts Driving the Rally Macro Environment: U.S. CPI data showed moderating inflation, reducing fears of aggressive monetary tightening. Institutional Demand: Spot Bitcoin ETFs
recorded their largest net inflows since late 2025
Technical Breakout: BTC successfully broke through multi-week resistance, triggering momentum-based buying Short.
Squeeze: Massive liquidations of bearish positions amplified upward price action.
Safe Haven Appeal: Political uncertainty and global tensions are driving flows into alternative assets.
