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.

CryptoQuant contributor Darkfost reports Binance's Bitcoin futures open interest topped $15B on October 6, then fell more than 31% to about $10B as futures-led selling eased. He views the drop and an OI slide below the 180‑day average as a deleveraging signal, while Net Taker Volume has cooled to –$51M from a –$489M monthly peak. BTC last traded at $95,131.

Bitcoin climbed above $95,000 for the first time since mid-November and was trading near $97,200, breaking out of a multi-week consolidation range. On-chain and market metrics show spot taker buy volume and accumulation rising, suggesting buyers are regaining control and that recent strength may be supported by broader participation.

Bitcoin rallied after $840 million flowed into spot ETFs on Monday and Tuesday, and Wednesday’s 5.5% jump lifted price to a two‑month high near $97,000. Options skew sits at 4% with puts priced richer, $370 million in short liquidations hit over two days, and macro risks plus weaker equities are capping momentum.