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JUST IN: Bitcoin Opens February Trading with Strong Spot Bid Above $94,500.
The new month has started with immediate buy-side aggression. During the Asian session, Bitcoin decisively reclaimed the $94,500 pivot point, effectively erasing the uncertainty of the weekend consolidation. This move is significant because it is driven by genuine spot volume rather than leveraged speculation.
We are seeing a healthy market reset.
Despite the price increase, funding rates across major derivatives platforms remain near neutral. This divergence indicates that the rally is being fueled by institutional accumulation likely positioning for the new month rather than retail FOMO. The absence of significant sell-walls between here and the $96,000 level suggests the path of least resistance remains upward.
Traders should monitor U.S. ETF flows later today. If American liquidity matches the Asian strength, the $95k breakout is imminent.
#Bitcoin #February #MarketUpdate