Strategy has accumulated Bitcoin through multiple cycles since 2020; on January 5, 2026 its holdings reached 673,783 BTC, worth about $61.75 billion. Exchange netflows briefly turned positive with roughly 1,100 BTC sent to exchanges over the past 48 hours, while price ranged between $89,000 and $94,000 near $91,000.

Bitcoin is consolidating below $92,000 while staying above the $89,500 support and the $91,000 level. The BTC/USD pair is trading over the 100 hourly Simple Moving Average with a bullish trend line support near $90,650, leaving room for a fresh push toward $92,800 and $93,450 or a drop back toward $89,500. Key technical levels include resistance at $92,000–$93,450 and major support around $91,000, $90,650, $90,000 and $89,250.

On 13 January 2026, US officials were reported to be grappling with how to handle alleged Venezuelan state Bitcoin reserves following the removal and capture of former leader Nicolás Maduro. Unverified claims suggest Venezuela may control up to 600,000 BTC, raising unresolved legal and policy questions over ownership, seizure authority, and how digital assets fit within existing sanctions and national security frameworks.

On January 13, 2026, SEC Chair Paul Atkins said in an interview that U.S. authorities might seize Venezuela's alleged 600,000 Bitcoin holdings but emphasized no decision has been taken and the issue lies outside the SEC's primary authority. The reported BTC stash, estimated between $56 billion and $67 billion and still unverified, drew renewed attention after the U.S. military captured Venezuelan President Nicolás Maduro on January 3, 2026, while the Senate continues to review the CLARITY Act on digital asset regulation and decentralized finance.

Bitcoin briefly rose above $92,000 on Monday after US federal prosecutors opened a criminal investigation into Federal Reserve Chair Jerome Powell. Despite the price pop, Bitcoin spot ETFs saw $1.38 billion in net outflows over four straight sessions, and futures basis remained near 5%, signaling cautious positioning.

Bitcoin climbed above $92k after briefly sweeping the $90,250 lows late Sunday, with recent Monday sessions showing volatile liquidity grabs followed by reversals. On‑chain data between 5 and 11 January showed long‑term holders slightly increasing their realized cap share while overall accumulation cooled, suggesting neutral distribution pressure that could intensify if price approaches the $96k–$100k liquidity pocket. Analysts noted that the $100k region remains a key psychological and technical barrier, where long-term holder selling and whales exiting near breakeven might obstruct a sustained breakout.

Bitcoin's price fell from around $92,500 to nearly $90,500 after Jerome Powell issued an unusually sharp statement responding to a criminal investigation into his actions as Federal Reserve Chair. While BTC consolidates below key resistance in the $90,000–$94,000 zone, short-term holders are increasingly realizing losses, with the STH SOPR stuck below 1.00 for over 70 days. This mix of political tension, compressed volume, and retail capitulation is shaping the near-term risk backdrop for the market.

Bitcoin’s spot price is hovering near $91,000, while options markets are marking up short‑term turbulence. One‑week implied volatility is spiking around and below the current level even as three‑month IV cools, pointing to heavier demand for downside hedges. With resistance still near $95,000, traders appear braced for a sharp move.