The crypto market is regaining momentum as soon as once more as the Bitcoin worth hit the $97,000 stage. As such, merchants have now began to cost in the opportunity of the token touching $100,000 earlier than the top of January.
Traders Look to $100,000 Bitcoin Price Breakout by January 31
According to information from TradingView, the token jumped above $97,000 to an eight-week excessive. The rally caught the bears unaware, liquidating over $680 million in brief positions throughout all derivatives exchanges.
In the meantime, on Polymarket, there are possibilities exceeding 74% that BTC will hit 100,000 USD inside this month.
The Bitcoin worth has continued transferring upwards, benefiting from the momentum it gained yesterday when it broke above the $96,000 stage. The breakout additional solidified the overall pattern of restoration it began in January.
At the identical time, data from SoSoValue additionally reveals that U.S. spot BTC ETFs attracted over $843 million in internet influx in a single buying and selling day.
Of these, BlackRock led the cost with greater than $648 million in day by day inflows to push its cumulative whole above $63 billion, whereas Fidelity’s FBTC adopted with inflows nearing $125 million.
Not surprisingly, the rally unfolded regardless of a hotter-than-expected U.S. Producer Price Index report. November PPI inflation rose 3% year-over-year, beating forecasts for its highest studying since mid-2025.
Normally, higher-than-expected inflation information may weigh on threat property. The coin as a substitute pushed previous the essential $95,000 stage.
Adding to the backdrop, the U.S. Supreme Court once more delayed a ruling on the legality of Trump-era tariffs. These bearish developments had little to no influence on the Bitcoin worth’s upside transfer.
Why Investors Expect BTC to Return to Former Highs
According to Glassnode, long-term holders are growing earnings at a considerably slower charge than in earlier cycles.
Bouncing Into Supply#Bitcoin has entered the brand new 12 months with constructive momentum, printing two increased highs and increasing worth to $98k, however the advance now runs immediately right into a traditionally vital provide zone.
Read the complete Week On-Chain👇 https://t.co/CfFlebieWM pic.twitter.com/jgMy9vLLsD
— glassnode (@glassnode) January 14, 2026
In previous peaks, the trade stream of cash per week exceeded 100,000. This is already a severe fall to beneath 12,800 per week. This is a transparent indication that there’s much less promoting strain even supposing costs are touching $93,000 to $110,000.
According to Glassnode, revenue taking remains to be part of the method however not with the identical aggressiveness noticed throughout different phases of distribution. The Bitcoin worth is subsequently free to rally with an uptick.
The noteworthy facet is that the proprietor of World’s Largest IQ made a constructive comment concerning the prospects of doing so within the close to future, becoming a member of Bitwise’s CIO bullish call.
Next 24 hours. Bitcoin. 100K.
— YoungHoon Kim, IQ 276 (@yhbryankimiq) January 14, 2026
Despite this constructive pattern, some dangers have additionally been recognized by analysts, which can be handled as adverse elements. The problem with regard to the USA and Iran is having a influence on the globe as a complete. Though there was a slight fall within the costs of oil due to de-escalation of pressure, sudden spikes may end in a change in market sentiment.
