Bitcoin surged above $95,000 on Tuesday, drawing the attention of traders and analysts who say the move is driven by real buying of the coin rather than betting on derivatives.

According to Coingecko data, the cryptocurrency was listed at $95,250 at press time, having risen 4.50% in 24 hours. Reports revealed that $269 million in Bitcoin compact positions were lost during this period, a wave of liquidations that helped boost growth momentum.

Buying local drives traffic

Several market observers pointed to spot buying as the main driving force. Crypto analyst Will Clemente posted on X that the rally appears to be “mainly through spot purchases.”

This matters because purchasing an actual asset signals direct demand for Bitcoin itself, rather than just betting via futures or options. Short selling has been hit strenuous; their positions were closed as prices rose, adding fuel to the rally.

This Bitcoin rally appears to be being led by spot buying and the perpetrators dimming it as funding drops while open interest increases + the highest spot trading volume in days.

(disclosure currently long btc) pic.twitter.com/pL9C8GFJYR

— Will (@WClementeIII) January 13, 2026

Calls for 100,000 dollars and opportunities

Some investors are currently predicting a quick rally into the six figures, saying it’s pretty clear that Bitcoin could hit $100,000 in the coming weeks and that any dips should be bought out.

Based on reports from PolimarketPrediction markets put about a 51% chance of Bitcoin recovering $100,000 by February 1 and show a 23% chance of printing $105,000. Bitcoin last fell below $100,000 on November 13, leaving a resistance level that bulls want to break.

History gives mixed signals

Bitcoin’s January record was modest on average, delivering about 4% growth since 2013. February was typically stronger, with an average return of 13%.

These averages do not guarantee a future path, but they give investors context on how the market has performed in recent years. Market movements can be rapid. They can also stop.

Macro risks and technical levels

Traders viewed $90,000 as an significant support level as Bitcoin breached $95,000. dollars ahead of US inflation data, which could change bets by approx. interest rate cuts.

Safe-haven demand plays a role as global markets are weighed by geopolitics and questions about central bank independence. Price action is tight at the moment, with many saying the market is in a tight band and will likely break out one way or another.

😮 Bitcoin, Ethereum and other cryptocurrencies are rebounding. 94,000 has just been exceeded again. dollars $BTCand retail FOMO will likely creep in if the cryptocurrency’s largest asset starts teasing $100,000 in the next few days.

📊 High jumps in the chart below:

🟦 #Lower Or… pic.twitter.com/5pcwtB0mls

— Santiment (@santimentfeed) January 13, 2026

Retail FOMO can add fuel

Meanwhile, cryptocurrency sentiment tracker Santiment warned it’s teasing 100k again. dollars may attract retail traders again, creating up-to-date FOMO in the market.

If this happens, more purchases from regular investors could quickly push prices higher. However, flows can also reverse quickly, and huge macro surprises or a loss of momentum would test the bulls.

Featured image from Unsplash, chart from TradingView