Just caught Bitcoin hitting $93K briefly at the start of the year, pretty wild move. The whole market seemed to catch a bid after some geopolitical shifts, and you could see it across all the major tokens. BTC is sitting around $73K now with solid momentum, up over 9% on the week. ETH holding near $2.25K, XRP pushing above $1.35, and SOL hovering around $85. Dogecoin actually led the charge with gains closer to high single digits over the past week.

What really stood out was the liquidation action. We saw nearly $260 million get wiped in a day, with shorts taking the majority of the hit at around $200M. Late sellers got squeezed out hard as prices moved higher, especially in the last few hours where short liquidations massively outpaced longs. On the derivatives side, shorts were still positioned heavy and vulnerable when the move happened.

The whole rally felt like a start-of-year repositioning play. You had risk appetite picking up across markets, commodities surging, Asian equities hitting records. Bitcoin price momentum in 2026 so far has benefited from traders looking to exploit what they see as pricing inefficiencies while crypto still sits well below its all-time highs compared to where stocks and precious metals are trading. The broader thesis seems to be that there's value to chase early in the year before everything fully reprices.