Bitcoin Breaks 96K Barrier
BTC broke out above 96K, up 3.01% in 24 hours and the highest since 16 Nov 2025, ending the month-long 85K to 95K range. The move was flow- and positioning-led with 753.8M of spot BTC ETF inflows.
🟧 BTC has finally broken above the $85K–$95K range, pushing through $96K during the Asia trading session. Bitcoin ETFs logged a $753.8M net inflow and roughly $600M of shorts were liquidated, adding fuel to the squeeze.
🟦 Derivatives are now reacting fast: 7D futures basis has jumped towards ~10% annualised and put-skew has nearly flattened. Macro remains noisy post-CPI and amid Fed independence headlines, while the latest Senate draft tightens stablecoin “yield” language and clarifies SEC/CFTC oversight.
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Market Snapshot: Overnight Moves
Daily Updates:
After more than a month-long period of rangebound trading between $85K and $95K, in early Asia trading BTC surged past $96K, up 3.01% over the past 24 hours and to its highest level since Nov 16, 2025. That move has lifted the rest of the crypto market up along with it — ETH is trading 6.14% higher above $3.3K, BNB is up 2.93% and XRP trades close to 4% higher.
The rally was also supported by strong Spot ETF inflows. Yesterday, Bitcoin Spot ETFs purchased $753.8M worth of bitcoins, their largest single-day inflow since Oct 7, 2025 when the ETF products purchased $875.6M. Spot ETH ETFs equally saw inflows in yesterday’s session (+$130M), though unlike BTC, that was not a 3-month high.
According to data from CoinGlass, the breakout past $96K has seen nearly $600M of short positions liquidated in the past 24 hours, of which $260M was short positions held on BTC.