Bitcoin (BTC) punched through $100,000 at the Jan. 6 Wall Street open as bulls cleared liquidity for a return to six figures.
Data from Cointelegraph Markets Pro and TradingView showed a snap spike taking BTC/USD to nearly $101,506 on Bitstamp.
Bitcoin thus began the first full TradFi trading week of 2025 at its highest levels since Dec. 19.
The move followed a fresh buy announcement from business intelligence firm MicroStrategy, which added another 1,070 BTC to its corporate treasury.
Among the casualties was what popular trader Skew described as a “passive seller” on Binance, the owner of significant ask liquidity at the $100,000 mark.
“New bids moving up here which is important for the support of rallies,” he reported in part of his latest analysis on X.
Data from monitoring resource CoinGlass clearly highlighted the liquidity sweep, with 24-hour BTC short liquidations at $36 million at the time of writing.
Continuing, popular trader and analyst Rekt Capital acknowledged that for Bitcoin to have a chance at reentering price discovery, it required a daily close at still higher levels.
“On the Daily timeframe, Bitcoin is located inside a $91000-$101000 range,” he told X followers.
Another post elaborated on the technical significance of $101,000.
“Every time BTC has rallied to $101k, it would overextend to at least $103k,” he wrote alongside illustrative charts.
Considering what macroeconomic catalysts may impact BTC price performance, trading firm QCP Capital noted that the inauguration of US President-elect Donald Trump was still two weeks away.
“Unlike previously, it’s also quite unlikely we get any Trump-related catalysts till after his 20-Jan inauguration. Frontend vols have also remained soft with a relatively neutral skew which indicate a similar sentiment,” it wrote in its latest bulletin to Telegram channel subscribers on the day.
QCP added that funding rates remained significantly lower than when BTC’s price first broke the $100,000 barrier in early December.
“With no crypto-specific catalysts on the horizon, focus will be on the first US jobs report of the year this Friday (10-Jan),” it concluded.
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