Bitcoin Surges Past $96K as Derivatives Reset Signals Potential Rally to $103K
Bitcoin has gone up 1.3% in the last 24 hours and is now worth more over $96,000, its highest point in more than 60 days. The rebound of the
Quick overview
- Bitcoin has risen 1.3% in the last 24 hours, reaching over $96,000, its highest in more than 60 days.
- Strong institutional demand, particularly from Bitcoin ETFs, has contributed to this price increase, with $840 million in inflows recently.
- Technical analysis suggests Bitcoin could target $103,300, provided it maintains support around $90,000 to $92,500.
- Despite bullish signals, caution remains due to unresolved market issues and geopolitical tensions affecting investor sentiment.
Bitcoin BTC/USD has gone up 1.3% in the last 24 hours and is now worth more over $96,000, its highest point in more than 60 days. The rebound of the top cryptocurrency comes at a time when the market is changing a lot, with large ETF inflows and a big drop in leveraged holdings. Analysts think this could lead to more gains.
Massive Bitcoin ETF Inflows Drive Fresh Momentum
The current rise in price is due to strong institutional demand. For example, spot Bitcoin exchange-traded funds had $840 million in combined inflows on Monday and Tuesday. This newfound interest from institutions helped BTC reach new highs for 2026, going beyond $97,000 earlier this week. On Wednesday, it went up 5.5% in one day. The rebound has set up a fresh higher-high structure, which makes resistance weaker in the short term and suggests that the two-month correction may be coming to a conclusion.
BTC/USD Technical Analysis Points to $103K Target
From a technical point of view, Bitcoin has very little resistance between its current level and the supply zone of $103,300 to $107,500. If momentum keeps going, this rather clear route suggests that prices could go up. The cryptocurrency closed above $95,000 every day, which confirmed the higher-high pattern that traders generally see as a sign of bullishness.
The $90,000 to $92,500 area has become a key support level because a daily order block established there after the recent rise. Holding this zone would make it more likely that there will be a prolonged push above the psychologically crucial $100,000 level before the end of the month. Technical analysts say that Bitcoin is still 23% behind its all-time high of $126,219, which means that it has a lot of room to recover if the market improves.
BTC Derivatives Market Shows Healthy Reset
The fact that futures markets are getting rid of a lot of debt is probably the most promising thing for bulls. Binance’s open interest has dropped more than 31% from its peak in October, when it was over $15 billion. It is now stable at around $10 billion. In the past, this drop has indicated key market bottoms by getting rid of too much leverage and making the market less likely to see cascade liquidations.
The Net Taker Volume statistic, which shows how dominant futures orders are in the order book, has dropped drastically from its top of -$489 million to barely -$51 million now. This big improvement, even though it’s still a little bit negative, shows that futures traders are no longer putting pressure on the market to sell. Darkfost, a crypto analyst, says that a flip to positive territory would “clearly ignite the fuse for a bullish reversal.”
Bitcoin’s hourly financing rate touched its lowest level since October 17, 2025, which is a sign of crowded short exposure. This is another reason to be bullish. The rebound above $95,300 caused $270 million in short liquidations over two days, the most since October. This forced bearish traders to close their holdings.
Caution Remains Despite Bullish Signals
But there are still big problems that need to be solved. The BTC options delta skew is still at 4%, and put options are trading at a premium. This means that professional traders haven’t become strongly bullish even though the market has gone up. This careful positioning shows that they are not sure if profits beyond $100,000 will last.
You should also pay attention to the broader market conditions. The tech-heavy Nasdaq has tried and failed many times to get back to the 26,000 mark. At the same time, US two-year Treasury yields fell to 3.51%, which means people are looking for secure investments. Geopolitical tensions, such as the US-Iran relationship and uncertainty about Greenland, have made people less willing to take risks, which has limited the potential of cryptocurrencies.
Bitcoin Price Prediction: Conditional Rally to $103K
Bitcoin is ready to climb toward $103,300 in the near future, as long as derivatives indicators keep getting better and ETF inflows stay high. This is based on current technical and on-chain data. The combination of less leverage, little overhead resistance, and stable on-chain flows makes it more likely that prices will go up.
But for a clear break above $100,000 to happen, the market will probably need to change its mind about how risky things are right now. If Bitcoin can stay above the $90,000–$92,500 support zone and Net Taker Volume turns positive, it seems more and more likely that there will be a rally that tests the $103,300–$107,500 supply zone. On the other hand, if BTC doesn’t hold its current levels, it could drop back near its established support, which could make the correction phase last longer.
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