Bitcoin marks new 2026 peak above $97K as derivatives and on-chain data hint at room toward $103.5K

Bitcoin climbed to $97,500 in early 2026 after posting a daily close above $95,000, forming a new higher high. On-chain and derivatives metrics, including a more than $500 million Binance net taker volume spike and rising open interest, indicate sustained bullish momentum with technical scope toward $103,500. Key areas now watched by traders extend between $90,000 and $107,500 as BTC attempts to consolidate above prior resistance.