After several weeks of uncertainty, the price of bitcoin is once again taking center stage. On Tuesday, the price climbed above $95,000, and according to analysts, this movement is not driven by derivatives, but by actual purchases on the spot market. It is this type of demand that gives the current growth a firmer foundation and increases the chance of the trend continuing.
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Bitcoin is rising thanks to real purchases
Market data shows that this time, investors are not just buying futures contracts, but bitcoin itself. The difference is crucial because spot purchases reflect real demand, not just short-term speculation using leverage. This suggests that the current growth is not just a technical fluctuation, but is backed by a real influx of capital.
At the same time, the rapid price movement put pressure on traders betting on a decline. In a single day, short positions worth over $269 million were liquidated. The forced closing of shorts created additional buying pressure, which further accelerated the price growth and contributed to the return of optimism to the market.
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The $100,000 mark is back in play
Many analysts agree that a return to the psychological threshold of $100,000 could come in the next few days. In prediction markets, the probability that Bitcoin will return to a six-figure price by early February is growing, with the Polymarket platform currently estimating this chance at around 50%. The current market structure thus suggests that the $100,000 threshold is back in play.
Despite the price increase, investor sentiment remains surprisingly cautious. According to data from the Santiment platform, sentiment remains low, and the fear and greed index has only recently returned to neutral territory after several weeks. It is precisely this contradiction between rising prices and weak sentiment that could play into Bitcoin’s hands, as a possible approach to the $100,000 mark could quickly bring retail capital, which has so far remained on the sidelines, into the market.
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