2026-01-14 10:32:37

Bitcoin's recent rally has been quite fierce. It surged to $95,000, hitting a new high since mid-November, and over $500 million worth of short positions were forcibly liquidated. It looks like a classic order sweep.

But a closer look at the technicals reveals some interesting points. Before breaking $95,000, Bitcoin hovered around $90,000 for a full seven weeks. After such a long time, it's still consolidating at the bottom. Is a V-shaped rebound really expected? That's unlikely. And the trouble isn't over yet; the Supreme Court's tariff ruling on January 14 could trigger another wave of volatility.

Even more worth noting are the signals from on-chain data. The holdings of whales and speculative funds both seem quite fragile. This rally is mainly driven by derivatives, not new accumulation on the spot side. In other words, the rise is primarily fueled by leverage rather than genuine buying with real money.

The optimistic sentiment around CPI can currently support the market, but how long can this sentiment last? The market could be shaken at any moment. Stay alert.

BTC1,68%

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LayerZeroHero

· 18h ago

The upward trend built on leverage will eventually have to be paid back.

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LiquidationKing

· 22h ago

The gains built on leverage will eventually have to be paid back.

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SerNgmi

· 22h ago

The gains built on leverage will eventually have to be paid back. --- Trying to V-rebound in just seven weeks with ninety thousand positions? That's a joke. --- Even whales are fleeing, and we're still chasing highs. This situation is risky. --- I can't believe in a rebound driven by derivatives. --- Wait until January 14th, the real test will come. --- No new volume on the spot side, no matter how strong the rise, it's pointless. --- CPI sentiment won't last long; be aware of that. --- Losing five hundred million in a short squeeze is indeed satisfying, but the foundation is weak. --- On-chain data doesn't lie, being cautious is not wrong. --- Leverage trading looks fierce but is actually very fragile.

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AirdropHunterZhang

· 22h ago

I'm very familiar with this leverage stacking approach; I blew up last time by playing it this way. Once again, it's driven by derivatives, with no real money involved—this is just an air property development. Wait for the tariff ruling on the 14th and see how these longs will cry.

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LostBetweenChains

· 22h ago

Stacking leverage has long been tiresome; where does true accumulation lie?

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MetaMaximalist

· 23h ago

leverage pumps always reveal the fragility of the market structure... this on-chain data tells you everything about adoption curves and real network effects versus derivative-driven speculation. classic case of paper hands thinking they're participating in something meaningful when it's just liquidity theater tbh

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CommunitySlacker

· 23h ago

The leveraged position will eventually have to settle the debt. Once that ruling comes out, it will probably cause a tear.

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