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Bitcoin Surges to $95,250 Driven by Spot Buying Amid Market Speculation
Bitcoin Surges Past $95,000
- Bitcoin surpassed $95,000, driven by real buying rather than derivatives trading.
- Trading at $95,250, the cryptocurrency saw a 4.50% increase in 24 hours.
- $269 million in Bitcoin short positions were liquidated, boosting the price.
Spot Buying Drives Momentum
- Market analysts highlight spot purchases as the primary driver of the rally.
- Short sellers faced liquidation, adding to the upward momentum.

Predictions and Market Sentiment
- Traders optimistic about Bitcoin reaching $100K soon.
- Polymarket predicts a 51% chance of Bitcoin hitting $100,000 by February 1.

Historical Trends and Market Risks
- Bitcoin typically gains around 4% in January and 13% in February since 2013.
- Key support level identified at $90,000 amidst global economic uncertainties.
Retail FOMO Potential
- Renewed interest in $100K could trigger retail FOMO, driving prices higher.
- Potential for rapid buying from retail investors, but market volatility remains a risk.