Christopher Wood of Jefferies removed a 10% Bitcoin allocation from his model portfolio and shifted the exposure into physical gold and gold miners, citing quantum computing risk. He first added BTC in late 2020 and now warns that compressed quantum timelines could erode Bitcoin’s store‑of‑value appeal for long‑horizon investors.

On January 16, 2026, Ali Martinez flagged a weekly Supertrend sell signal for BTC, as the coin trades near $95,500 after a brief push to $98,000. Charts from Crypto Patel and Merlijn The Trader outline downside risk toward $50K–$87,500 or a rebound above $102,000 toward $110,000, while CoinGlass reported over $237 million in 24-hour liquidations.

Bitcoin traded about 9.5% above its Jan. 1 open at $87,500 as it hovered around $95,000, with traders focused on the $98,000 short-term holder cost basis as a key inflection level. Analysts highlighted support at the 21-day moving average near $91,200 and an ascending triangle setup targeting roughly $113,200 if resistance between $96,000 and $99,500 is cleared. Technical signals such as a multi-year trendline bounce, RSI recovery and a MACD cross were seen as underpinning expectations for further upside, provided bulls can maintain the current market structure.

Bitcoin’s latest advance has been powered largely by leverage and a major short squeeze that, according to Glassnode, marked the biggest short-liquidation event among the top 500 cryptocurrencies since 10 October 2025. As OG holders slow their selling and whales hedge by rotating into shorts while retail adds leveraged longs, the rally appears more fragile and vulnerable to a corrective phase if funding cools and leverage unwinds.

On January 15, 2026, Ki Young Ju highlighted on-chain signals that retail participation in Bitcoin has faded. By January 16, 2026, the market appeared subdued as larger holders accumulated, with smaller-wallet activity reverting toward long‑term norms. According to the article, spot Bitcoin ETFs saw early‑year inflows, while capital rotated to stocks and silver.

In mid-January 2026, BlackRock bought nearly 6647 BTC through its IBIT ETF to satisfy surging investor demand, lifting its holdings to about 781,000 BTC, close to 4% of circulating supply. IBIT and ETHA also saw $648.4 million and $81.6 million in inflows, as the firm moved 9,619 BTC and 46,851 ETH into custody; ETH traded near $3,335.

Bitcoin's Fear and Greed Index has climbed to 61, marking its first entry into the "greed" zone since early October 2025 and signaling stronger investor confidence. The move follows a rally that briefly pushed BTC close to $98,000 and has some analysts eyeing potential targets between $100,000 and $105,921, even as elevated greed may hint at overheating risk.

Bitcoin has strengthened in recent sessions, lifting price toward $97,000 after a period of persistent selling. According to a CryptoQuant analyst, the Bull Score Index is at 20, a reading observed only seven times over the past six years. With $100,000 in view, momentum looks to be stabilizing, but confirmation still depends on key technical thresholds.