BTC (Bitcoin) once broke through $94,000, with a market capitalization of approximately $1.88 trillion.

BTC5,02%

Gate News Bot Message, January 6th, according to CoinMarketCap market data, as of press time, BTC (Bitcoin) is currently trading at $93,918.49, up 1.23% in the past 24 hours, with a high of $94,762.07 and a low of $86,735.54. The 24-hour trading volume reached $49.343 billion. The current market capitalization is approximately $1.88 trillion, an increase of $22.797 billion compared to yesterday.

Bitcoin is an innovative payment network and a new form of currency. Bitcoin operates using peer-to-peer technology without the need for a central authority or bank; transaction management and Bitcoin issuance are handled collectively by the network. Bitcoin is open-source, its design is public, and no one owns or controls Bitcoin; anyone can participate. Through numerous unique features, Bitcoin supports innovative use cases that no other payment system can offer, including fast peer-to-peer transactions, global payments, and low processing fees.

Important recent news about BTC:

1️⃣ Institutional funds continue to flow into ETFs, spot Bitcoin products reach record high absorption

Major US banks and asset management firms are accelerating Bitcoin asset allocation. Since January 5th, US banks have allowed 15,000 financial advisors to recommend Bitcoin ETFs with a 1% to 4% allocation to eligible clients, covering mainstream products like BlackRock IBIT and Fidelity FBTC, marking a significant shift in traditional wealth management attitudes toward Bitcoin. On the first trading day of the year, BlackRock Bitcoin ETF saw a net inflow of $287 million, the largest single-day inflow in nearly three months, reflecting institutional reassessment of Bitcoin’s value in portfolios. The entire spot Bitcoin ETF market recorded a net inflow of +3,788 BTC (+$353.44 million) in the first five trading days of January and +4,537 BTC (+$423.33 million) over the past 7 days, indicating ongoing institutional capital inflows.

2️⃣ Corporate Bitcoin treasury strategies accelerate, global listed companies’ net buy-in reaches new high

Corporate Bitcoin allocations have evolved from small pilot programs to systematic balance sheet strategies. Strategy (formerly MicroStrategy) continued to increase holdings by 1,287 BTC on January 4th, bringing total holdings to 673,783 BTC, while increasing USD reserves by $62 million to $2.25 billion, demonstrating sustainable expansion of Bitcoin exposure through non-dilutive preferred stock financing. Japanese listed company Metaplanet invested $451 million to acquire 4,279 BTC on December 30th, with total holdings surpassing 35,102 BTC, leveraging yen depreciation for low-cost financing arbitrage. Last week, the total weekly net buy-in of Bitcoin by global listed companies (excluding mining firms) reached $567 million. As of press time, they hold a total of 923,680 BTC, with a market value of approximately $85.78 billion, accounting for 4.62% of circulating supply. This increasing share continues to reinforce long-term bullish market sentiment.

3️⃣ Geopolitical supply expectations shift and technical breakthroughs resonate

The US military action against Venezuela led to the arrest of President Maduro, triggering a market re-evaluation of Bitcoin supply dynamics. Venezuela is believed to have accumulated around 600,000 BTC to evade sanctions; if these assets are seized by the US or incorporated into strategic reserves, it would directly reduce the market’s circulating supply, providing a medium- to long-term bullish effect on Bitcoin’s price. Meanwhile, since Q4 2024, the leverage in Bitcoin and Ethereum futures markets has decreased by nearly $30 billion, completing a speculative “reset” with zero leverage, creating a low-leverage foundation for a new rally. On the technical side, Bitcoin’s price has regained support above the 50-day, 200-day moving averages on the 4-hour chart, as well as the 200-day exponential moving average, with 24-hour trading volume expanding by over 40%, indicating increasing active capital participation. In the Bitcoin options market on Deribit, open interest in call options with a $100,000 strike price and January expiry increased by approximately 420 BTC (about $38.8 million in notional value) over the past 24 hours, reflecting traders’ confidence in a short-term breakthrough of key psychological levels.

This message is not investment advice. Investors should be aware of market volatility risks.

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