Bitcoin rebounds on spot buying inflows… expectations grow for a renewed push toward $100,000
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Summary
- Bitcoin has reclaimed the $95,000 level on spot buying inflows, boosting expectations of a renewed challenge of $100,000.
- Market experts said the rebound, alongside short-position liquidations, increases the likelihood that Bitcoin could move toward $100,000 in the near term.
- With prediction markets and historical February averages pointing to rising expectations for $100,000 and $105,000, analysts noted that fear-level sentiment indicators could amplify the risk of retail chase buying.
Bitcoin has regained the $95,000 level on the back of spot buying inflows, fueling market expectations of a renewed attempt at the psychologically important $100,000 resistance.
According to Cointelegraph on the 14th (local time), Bitcoin extended its upward trend after climbing back above $95,000 a day earlier. Based on CoinMarketCap data, Bitcoin rose about 4.65% over the past 24 hours to trade around $95,190. Market participants are focusing on the fact that this rebound was driven primarily by spot buying rather than derivatives.
Crypto analyst Will Clemente said on X that the latest Bitcoin advance is being led by spot purchases. Spot buying reflects demand to purchase actual Bitcoin and is viewed as a more demand-driven move than futures or options trading.
Short liquidations also continued as prices rose. According to Coinglass, about $269.21 million worth of Bitcoin short positions were liquidated over the past 24 hours. The wave of short liquidations likely added to buying pressure, reinforcing the rally.
Market experts are discussing the possibility of a near-term break above $100,000. Michaël van de Poppe, CEO of MN Trading Capital, said Bitcoin is likely to move toward $100,000 soon and described pullbacks as buying opportunities. Bitcoin has failed to reclaim the $100,000 level since Nov. 13 last year.
Prediction-market data also reflect the upbeat sentiment. Polymarket put the odds of Bitcoin reclaiming $100,000 by Feb. 1 at 51%. The probability of reaching $105,000 was 23%.
Historically, January has been a relatively subdued month for Bitcoin. Since 2013, the average January return has been about 4.18%, while the average February return was stronger at 13.12%. As a result, expectations are rebuilding ahead of February.
Market sentiment indicators remain subdued. Santiment said that if Bitcoin approaches $100,000 again, retail investors’ fear of missing out could flow in quickly. The Crypto Fear & Greed Index has recently oscillated between “fear” and “extreme fear,” and stood at 26—still in the fear zone—as of the day.
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