On January 5th, Bitcoin (BTC) surpassed $94,000, reaching its highest point since December 10th. This surge increased the total crypto market capitalization by nearly $100 billion in 24 hours, according to reports. The increase was influenced by strong inflows into spot Bitcoin ETFs, bullish derivatives positioning, and favorable macro conditions. US spot Bitcoin ETFs saw $471 million in net inflows on January 2nd, with BlackRock's IBIT leading the way. This demand, coupled with returning institutional flows after year-end consolidation, helped push BTC over $90,000. Derivatives markets amplified the rally, with options traders focusing on upside calls around the $100,000 strike. Over $438 million in short positions were liquidated, further driving the price increase.

On January 5th, Bitcoin (BTC) surpassed $94,000, reaching its highest point since December 10th. This surge increased the total crypto market capitalization by nearly $100 billion in 24 hours, according to reports. The increase was influenced by strong inflows into spot Bitcoin ETFs, bullish derivatives positioning, and favorable macro conditions. US spot Bitcoin ETFs saw $471 million in net inflows on January 2nd, with BlackRock's IBIT leading the way. This demand, coupled with returning institutional flows after year-end consolidation, helped push BTC over $90,000. Derivatives markets amplified the rally, with options traders focusing on upside calls around the $100,000 strike. Over $438 million in short positions were liquidated, further driving the price increase.