BTC (Bitcoin) increased by 4.52% in the last 24 hours

Gate News Bot Message, January 14th, according to CoinMarketCap data, as of press time, BTC (Bitcoin) is trading at $95,232.60, up 4.52% in the past 24 hours, with a high of $96,011.62 and a low of $89,233.88. The 24-hour trading volume reached $57.587 billion. The current market capitalization is approximately $1.90 trillion, an increase of $82.307 billion from yesterday.

Bitcoin is an innovative payment network and a new form of currency. Bitcoin operates using peer-to-peer technology without the need for central authorities or banks; transaction management and Bitcoin issuance are handled collectively by the network. Bitcoin is open-source, with transparent and publicly available design; no one owns or controls Bitcoin, and everyone can participate. Through numerous unique features, Bitcoin enables applications that were not possible with previous payment systems. Bitcoin offers advantages such as fast peer-to-peer transactions, global payment capabilities, and low processing fees.

Important Recent News about BTC:

1️⃣ Spot ETF Continues to Accumulate Support as a Core Backing, Supply Exhaustion Will Trigger Parabolic Rise

Since the launch of the BTC spot ETF in January 2024, its cumulative purchases have exceeded 100% of Bitcoin’s new supply. Currently, ETF demand is mainly met by existing holders’ sell-offs, which have not yet exerted strong pressure on the price. However, as the selling pressure from willing sellers gradually diminishes, if ETF demand continues, the price could face a breakthrough surge. Referencing the evolution path of gold after central banks doubled their purchases in 2022—initially slow response, but a 65% surge after sellers dried up in 2025—Bitcoin is expected to replicate a similar trajectory with enormous potential upside.

2️⃣ Correlation with Gold Turns Negative, Historical Analysis Points to Over 50% Price Increase Target

The 52-week correlation between Bitcoin and gold has fallen to zero, the first time since mid-2022, and may turn negative by the end of January. Historical data shows that in similar divergence scenarios, Bitcoin typically rises an average of 56% within about two months, corresponding to a price range of approximately $144,000 to $150,000. The current macro environment, with bullish factors stacking up—global liquidity rebounding (accelerated M2 growth), and the Federal Reserve nearing the end of quantitative tightening—indicates a new round of global monetary easing has begun, expected to continue driving Bitcoin prices upward through 2026. Technically, Bitcoin’s trend is mirroring the bull market path of 2020-2021, having shifted from a long-term consolidation phase into the early stage of a “quasi-parabolic” rise.

3️⃣ Breakthrough of Key Technical Levels Activates Bullish Momentum, Short Squeeze Pressure Significantly Increased

Market structure shows that if Bitcoin breaks through the $94,000 level, it could quickly rise to $106,000. The $95,000 mark is a critical confirmation point—market needs to hold above this level to confirm continued upward movement. After breaking through the key resistance at $96,000, short squeeze pressure has significantly increased. If BTC breaks $97,497, the total short liquidation on major exchanges could reach $1.329 billion; if it continues past $100,105, short liquidation could reach $815 million. In contrast, downside risk is relatively controlled, with a short liquidation of $2.334 billion if it drops below $88,873. The crypto fear index has rebounded sharply from 26 to 48 in the past two days, shifting market sentiment from “panic” to “neutral,” with bullish momentum continuing to strengthen.

This message is not investment advice; please be aware of market volatility risks.