On January 14, 2026, Peter Schiff called Bitcoin’s surge to $97,000 a “huge sucker’s rally,” urging traders to favor mining stocks over Bitcoin and MSTR. Within the past 24 hours, BTC briefly crossed $97,000 before retracing to about $96,200, while U.S. spot Bitcoin ETFs saw roughly $1 billion in net inflows and MSTR gained over 3% then slipped more than 1% after-hours.

CryptoQuant said Wednesday that Bitcoin derivatives open interest has dropped about 31% since October, a deleveraging move that often coincides with market bottoms. CoinGlass estimates total BTC OI near $65 billion, roughly 28% below the early October peak above $90 billion, while Deribit's $100,000 strike leads with $2.2 billion notional.

On Wednesday, BitMEX co-founder Arthur Hayes said Bitcoin could regain momentum and set new highs in 2026 as U.S. dollar liquidity expands. He cited potential Fed balance-sheet growth, lower mortgage rates, and more bank lending to strategic industries; in 2025, Bitcoin fell 14.40% while gold rose 44.40%, according to Curvo.

Bitcoin climbed more than 5.5% this week, briefly touching $97,000, after U.S. spot Bitcoin ETFs recorded $840 million in inflows over two days. Despite the surge, derivatives and options data suggest the rally is being driven by capital rotation into macro hedges rather than speculative risk-taking.

Bitcoin reclaimed the $95,000 mark for the first time since mid-November after a multi-week consolidation. Analyst Darkfost reports that spending from long-dormant "OG" holders has eased, removing a notable source of sell pressure, while price now confronts the $95K–$96K resistance area with broader trend confirmation still pending.

Bitcoin extended its rise above $95,500 and is currently trading over $96,000. Immediate resistance sits near $97,200 and $97,800, with further hurdles at $98,000 and $98,800, while supports include $96,000, $95,250, and $94,000. A sustained break above $98,000 could open room toward $99,500, $99,800, and $100,000.

Bitcoin is trading within an ascending channel, with bulls defending both the 50-week and 50-day moving averages as support while price trends higher. ETF flows and liquidation data show strong spot and institutional demand, including a recent $753.8 million single-day ETF inflow and $174.5 million in liquidations that largely hit short positions, supporting the view that the uptrend could extend toward the $130,000 area.

Bitcoin rose 5% to $95k as the broader crypto market added about $130 billion in value in the third week of the month. With cooling U.S. inflation, softer labor data and progress on the CLARITY and GENIUS Acts, some analysts see macro conditions supporting a potential push toward $100k.