Bitcoin is once again trading above the $95,000 mark, recovering some momentum after weeks of choppy action. The move higher comes as demand for spot Bitcoin ETFs in the United States picked up sharply and pressure from futures sellers eased, helping stabilize market sentiment.
At the time of writing, Bitcoin is changing hands near $95,033, up about 3.2% in the last 24 hours. Over the past month, the world’s largest cryptocurrency has gained roughly 6%, although it still sits about 26% below its October 2025 all-time high of $120,080.
What really stands out is the renewed activity across crypto markets. Bitcoin’s 24-hour trading volume surged nearly 60% to $68 billion, signaling fresh participation from both spot and derivatives traders. Data from CoinGlass shows open interest rose around 6% to $64 billion, while derivatives volume climbed 29% to $110.3 billion. Rising volume and open interest together usually point to new positions entering the market, hinting that leverage is slowly rebuilding and could make price swings sharper in either direction.
A major catalyst arrived from the ETF space. U.S. spot Bitcoin ETFs recorded $753.7 million in net inflows on Jan. 13, the strongest single-day total in three months, according to SoSoValue. Fidelity’s FBTC led the pack with $351.3 million, followed by Bitwise’s BITB with $159.4 million, and BlackRock’s IBIT with $126.2 million. Additional inflows also appeared across ARKB, Grayscale’s Bitcoin Mini ETF, VanEck’s HODL, and WisdomTree’s BTCW. These inflows matter because they represent direct spot buying, not leveraged bets, reducing available supply on exchanges and often helping support price during market dips.
On the derivatives side, selling pressure appears to be cooling off. CryptoQuant data shows that Net Taker Volume in futures markets has improved from a monthly low of –$489 million to around –$51 million. Sellers still slightly dominate, but the imbalance has narrowed significantly, suggesting traders are becoming less aggressive and price action is stabilizing.
From a technical viewpoint, Bitcoin has regained its short-term bullish structure. The price is now above the 10-day, 20-day, and 50-day moving averages, clustered in the low $90,000 range, which currently act as layered support. Bulls will want to defend this zone, since a daily close below it could weaken the rebound.
On the upside, the next challenge sits around $96,000–$97,000, near the 100-day moving average. A clean breakout there could open the door to the psychological $100,000 level, where the 200-day moving average is also positioned. Bollinger Bands are beginning to widen after a period of compression, hinting at a return of volatility, with Bitcoin trading in the upper half of the band.
Momentum indicators lean constructive rather than overheated. The RSI sits near 65, reflecting strength without overbought conditions, while the MACD remains in buy territory. Short-term signals do allow for brief pauses after the recent jump, but the larger picture stays positive as long as higher lows continue to form.
For now, traders are watching one key question: Can Bitcoin hold above short-term support levels? If it does, upside targets stay in play. If not, the market may slip back into consolidation mode after its latest rally.
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