- Bitcoin traders turned more bullish at the start of 2026, pushing prices toward weekly highs near $95,000.
- Seven-day liquidation data from Hyblock shows long clusters at roughly $89,000–$87,000 and short positions near $95,000.
- Price climbed above the 20-day moving average, which is converging with the 50-day moving average, with the 20-MA near $89,400.
- A near $1.1 billion surge in futures buy volume and about $100 million in short liquidations accompanied the Jan. 5 rally to $94,800, per TRDR.io.
- Orderbook structure and liquidation maps indicate a repeat of futures-driven moves could occur if BTC reaches $94,000, potentially clearing shorts and opening a path toward $101,500.
Bitcoin traders pushed prices higher at the start of 2026, with a futures-led surge lifting the market to about $94,800 on Jan. 5 and a weekly high near $95,000 on Binance. Traders cited strong futures flow and liquidation dynamics as the main drivers behind the move.
Seven-day liquidation heatmap data from Hyblock shows long liquidation clusters between roughly $89,000 and $87,000, while short positions concentrate near the weekly range high around $95,000. The map suggests key support and resistance bands that traders monitored for potential stops and liquidations.
Technical indicators showed momentum improving as price rose above the 20-day moving average, which is converging with the 50-day moving average. After failing to hold $95,000 and clear shorts, some participants reduced positions to take profits and anticipated a retest of the 20-MA near $89,400.
If the existing trend continues and volume supports it, another push at $95,000 could trigger short covering and additional liquidations. That scenario would exploit a gap in the BTC/USDT volume profile and could set a path toward a roughly 13% move to $101,500, according to the reported setup.
Futures activity drove much of the week’s intraday action: data shows about a $1.1 billion surge in futures buy volume during the Jan. 5 rally and approximately $100 million in shorts liquidated in the BTC/USDT pair on Binance, per TRDR.io. Current liquidation heatmaps and orderbook structure indicate a similar event could occur again if traders press price to about $94,000.
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