Bitcoin's open interest has fallen more than 31% from its 2025 high to roughly $10 billion, dropping below the 180-day moving average in a deleveraging phase that some analysts view as a market bottom. With spot volume approaching $60 billion and a key positioning index breaking above 3 for the first time since October 6, projections now focus on a potential breakout toward the $100,000–$105,000 zone and a possible retest of the $120,000 highs.

On chain metrics for Bitcoin indicate rising movement of older coins, softer short term demand growth and expanding holdings at large accumulation addresses. The price recently cleared a key resistance area around $95,000 on the BTCUSDT daily chart, with one analyst outlining a breakout structure that keeps $100,000 in focus as a major psychological level.

According to analyst Axel Adler Jr., Bitcoin futures positioning moved into a bullish regime after three months in a neutral 0 ± 2 range, with the Positioning Index climbing to 3.5, the first break above 3 since October 2025. Daily readings hit 24 as price rose nearly 4% to $95,358 and open interest to $12.18 billion, alongside funding at 0.0045; Adler said sustainability hinges on the SMA staying above 2 for at least a week.

Bitcoin recovered above $95,000 after a January 9 dip to $89,300, with analysts watching the $100,000 threshold. ETF inflows this week and corporate accumulation are supporting sentiment, while Ethereum attempts to clear $3,300 after a 5.1% daily gain. Interest in the Bitcoin Hyper presale persists amid anticipated regulatory developments.

November producer price inflation rose 3.0% year-over-year versus the 2.7% forecast, marking the strongest reading since July 2025 as Bitcoin trades around $95,000. While monthly PPI printed at 0.2% in line with expectations, the firmer annual figure and recent CPI data above the 2% target reinforce concerns that the Federal Reserve may keep rates elevated through at least Q1 2026. Bitcoin traders are watching key support around $88,000-$90,000 and resistance near $92,000 to $95,000 as they reassess the outlook for rate cuts.

Bitcoin advanced above $95,000 after the December US CPI showed 2.7% headline inflation and 2.6% core, easing policy worries and aiding risk appetite. On January 13, 2026, Fitch highlighted risks in BTC‑backed debt, while 21Shares listed its Bitcoin Gold ETP on the London Stock Exchange. Short‑term charts flag resistance near $97,600 and $98,800–$99,000.

On Jan. 12, Strategy founder Michael Saylor sharply rejected doubts about the corporate Bitcoin treasury model during an exchange on the What Bitcoin Did podcast. He dismissed concerns over more than 200 companies using equity and debt issuance to buy Bitcoin, even as many trade below the value of their holdings and some stocks have dropped by up to 99%. Strategy has raised over $50 billion via securities offerings to amass about 687,000 BTC, while critics question whether such treasury-focused business models can endure prolonged market downturns.

On January 14, 2026, Bitcoin surged out of a long-running consolidation, breaking through resistance in the $94,000–$95,000 area and confirming an ascending triangle breakout. Multiple traders now highlight strong volume, momentum, and a key flip of $94,400 into support as reasons to watch for a possible move toward the $98,000–$100,000 region.