2026-01-06 01:28:25

Bitcoin just broke through $91,000, and the entire market is buzzing. In just a few hours, BTC market capitalization surged by $2,500, and the total cryptocurrency market cap has rebounded to over $3.2 trillion.

There's an interesting story behind this rally — over $130 million worth of short positions were forcibly liquidated within 12 hours. As shorts were forced to cover, it naturally triggered a series of buy-ins, pushing the price higher and higher. This is a chain reaction in the market.

Looking at altcoins, Ethereum performed the strongest, with a daily increase of over 5%, leaving most mainstream coins behind. Traders' confidence has been restored, funds are flowing back into risk assets, and Ethereum is climbing accordingly.

The current question is: Can Bitcoin hold the $91,000 level? If it stays steady, the rally might continue, but it largely depends on how the traditional financial markets perform next. The market trend in the coming days may depend on this.

BTC0,23%

ETH0,67%

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BlockchainGriller

· 01-07 23:21

The short positions got wiped out again. This wave is really fierce, with 130 million in blood. The 91,000 level can't hold, just wait for the plunge. Ethereum has been extremely hot these past two days, but it all feels a bit虚 (虚 can mean "虚" as in "虚假" or "虚幻," but context suggests it might mean "虚" as in "虚高" or "虚浮," so in English, perhaps "hollow" or "unsustainable"). Traditional finance meddles, and our side will collapse.

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MoonRocketTeam

· 01-07 08:23

$130 million short position was rekt, this wave of dopamine release is simply amazing Can 91000 hold? It feels like we need to see if traditional finance is going to drop the ball or not ETH's increase is really happening, will the altcoins turn around? Why the rush, first see if Bitcoin has really gotten back on track, don't get knocked down again This is the power of the booster, the real test is yet to come

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ProtocolRebel

· 01-06 01:58

Shorts get liquidated for 130 million, this is the real trigger point --- Cannot hold 91,000, feels like just bluffing --- Ethereum has truly awakened this time, finally looking like a mainstream coin --- The key still depends on the attitude of traditional finance; otherwise, it’s just a rebound --- $2,500 not held for two hours, this market is really a knife-mouth tofu heart --- The real reason for this surge is shorts being forced to liquidate, but can it continue? --- Total market cap hits 3.2 trillion again, is this a sign of another crash next time?

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MevShadowranger

· 01-06 01:55

The short squeeze was crushed so badly this time, 130 million just disappeared like that. I'm wondering who was quick enough to buy the dip at the bottom. Can 91,000 hold? Honestly, it's uncertain. Let's see how traditional finance reacts. Ethereum has surged quite aggressively this wave, it seems like funds are pouring into this side.

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