Overview
- Bitcoin hovered in the $92,000–$93,000 range on Monday after briefly reaching about $93,350, with mixed altcoin performance and market cap near $3.2 trillion as dominance held around 59%.
- Roughly $260 million in crypto futures were liquidated over 24 hours, including about $200 million in shorts, signaling a squeeze-driven push higher as funding turned more positive.
- U.S. actions involving Venezuela and comments from President Donald Trump injected event risk into trading, yet on‑chain data showed no surge in exchange inflows consistent with panic selling.
- Spot bitcoin ETFs drew large early‑January inflows, with SoSoValue recording about $471 million on Jan. 2, reinforcing signs of returning institutional demand.
- Market tone remains cautiously constructive, with technicians highlighting the $91,000–$91,200 area for acceptance and the 21‑day moving average near $88,500 as the immediate support to maintain a bullish bias.