Bitcoin surpassed $95,000 on Tuesday, drawing attention from traders and analysts who say actual purchases of the coin, rather than bets on derivatives, are driving the move.
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According to statistics from Coingecko, the cryptocurrency was trading at $95,250 at press time, after gaining 4.50% over 24 hours. Reports revealed that $269 million in Bitcoin short positions were liquidated during that time, a wave of currency freezes that helped add momentum.
Spot Buying Fuels The Move
Several market watchers point to commodity prices as a major force. Crypto analyst Will Clemente posted on X that the rally appears to be “led by spot buying.”
That’s important because buying real assets represents a direct demand for Bitcoin itself, not just betting on futures or options. Short sellers are hit hard; their locations closed as prices rose, and that pressure added fuel to the advance.
It seems that this Bitcoin rally is being led by spot buying and fading perps as funding gets worse while open interest rises + most of the space in days.
(current exposure is long btc) pic.twitter.com/pL9C8GFJYR
– Will (@WClementeIII) January 13, 2026
$100k Calls And Odds
Some traders are now predicting a quick run of six figures, saying that it is clear that Bitcoin can reach $100K in the coming weeks and that any dip should be bought.
Based on reports from Polymarket, the prediction markets place about 51% odds on Bitcoin regaining $100,000 by Feb. 1 and show a 23% chance of printing $105,000. Bitcoin finally fell below $100,000 on November 13, leaving a resistance level that the bulls want to clear.
History Gives a Mixed Signal
Bitcoin’s January record was modest on average, bringing about a 4% gain since 2013. February tends to be strong, with returns averaging 13%.
These estimates do not guarantee the future direction, but they give traders a context of how the market has behaved in recent years. Market movements can be fast. They can also stand.
Major Hazards and Technical Standards
Traders were watching $90,000 as a key support level while Bitcoin surpassed $95k ahead of US inflation data that could change bets on a rate cut.
Safe-haven demand has been playing out as geopolitics and questions about central bank independence weigh on global markets. Price action is strong at the moment, with many saying the market is sitting within a small band and may break out in some way.
😮 Bitcoin, Ethereum, and other cryptocurrencies are on the rise. $94K just cut off again $BTCand there may be some sell-off FOMO set in if the top crypto asset starts teasing $100K in the next few days.
📊 In the chart below, the highest spikes:
🟦 # Down or… pic.twitter.com/5pcwtB0mls
– Santiment (@santimentfeed) January 13, 2026
Sales FOMO Adds Fuel
Meanwhile, crypto sentiment tracker Santiment has warned that a renewed $100K tease could attract traders, sparking new FOMO across the market.
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If that happens, a lot of buying from everyday investors can quickly push prices up. But the flow can quickly reverse again, and big surprises or a reduction in momentum can test the bulls.
Featured image from Unsplash, chart from TradingView
