BitMEX co-founder Arthur Hayes said Bitcoin's chance of setting new all-time highs in 2026 hinges on expanding dollar liquidity, not short-term price swings. He noted 2025's tight liquidity coincided with Bitcoin falling more than 14% while gold rose over 44%. On January 13, 2026, he also flagged a first-quarter trade idea in a tweet.

On January 14, 2026, Peter Schiff called Bitcoin’s surge to $97,000 a “huge sucker’s rally,” urging traders to favor mining stocks over Bitcoin and MSTR. Within the past 24 hours, BTC briefly crossed $97,000 before retracing to about $96,200, while U.S. spot Bitcoin ETFs saw roughly $1 billion in net inflows and MSTR gained over 3% then slipped more than 1% after-hours.

CryptoQuant said Wednesday that Bitcoin derivatives open interest has dropped about 31% since October, a deleveraging move that often coincides with market bottoms. CoinGlass estimates total BTC OI near $65 billion, roughly 28% below the early October peak above $90 billion, while Deribit's $100,000 strike leads with $2.2 billion notional.

On Wednesday, BitMEX co-founder Arthur Hayes said Bitcoin could regain momentum and set new highs in 2026 as U.S. dollar liquidity expands. He cited potential Fed balance-sheet growth, lower mortgage rates, and more bank lending to strategic industries; in 2025, Bitcoin fell 14.40% while gold rose 44.40%, according to Curvo.

Bitcoin climbed more than 5.5% this week, briefly touching $97,000, after U.S. spot Bitcoin ETFs recorded $840 million in inflows over two days. Despite the surge, derivatives and options data suggest the rally is being driven by capital rotation into macro hedges rather than speculative risk-taking.

Bitcoin reclaimed the $95,000 mark for the first time since mid-November after a multi-week consolidation. Analyst Darkfost reports that spending from long-dormant "OG" holders has eased, removing a notable source of sell pressure, while price now confronts the $95K–$96K resistance area with broader trend confirmation still pending.

Bitcoin extended its rise above $95,500 and is currently trading over $96,000. Immediate resistance sits near $97,200 and $97,800, with further hurdles at $98,000 and $98,800, while supports include $96,000, $95,250, and $94,000. A sustained break above $98,000 could open room toward $99,500, $99,800, and $100,000.

Bitcoin is trading within an ascending channel, with bulls defending both the 50-week and 50-day moving averages as support while price trends higher. ETF flows and liquidation data show strong spot and institutional demand, including a recent $753.8 million single-day ETF inflow and $174.5 million in liquidations that largely hit short positions, supporting the view that the uptrend could extend toward the $130,000 area.