bitcoin It briefly touched $93,000 on Monday as traders tilted toward new risk-on supply across markets following the US’s expulsion of Venezuela, while opening year flows propelled major tokens higher after a choppy finish to 2025.
BTC is up about 1% in 24 hours and about 3% in seven days, while ether it held near $3,160, also higher on the day. added around 3% to surpass $2.10, extending its outperformance in early January, while solana It was around $136. declined that day, but remained up 17% over the past week, the highest gains among major companies.
The positioning of derivatives amplified the movement. Liquidations exceeded $260 million in 24 hours, with short positions accounting for around $200 million, showing that late sellers were forced to cover when prices rose.
More than $121 million in short positions were wiped out in the last four hours alone, compared to less than $9 million in long positions. Long liquidations remained comparatively modest throughout, pointing to a market where bearish leverage was saturated and vulnerable. On Hyperliquid, the leading perpetual-focused decentralized platform, shorts still accounted for about 54.4% of all liquidated positions versus 45.6% for longs, according to HyperDash.
The BTC rally came alongside strength in risk assets and another rise in commodities. Asian shares rose to a record as investors poured into technology stocks, extending last year’s AI-led momentum. Brent crude stabilized after initial weakness linked to events in Venezuela, while gold jumped sharply above $4,400 an ounce and silver saw an even bigger move.
Traders said the early-year bid reflects a combination of positioning and relative value, with cryptocurrencies still well below their peaks while other assets sit near records.
“We believe that in the new year, traders are jumping to exploit price inefficiencies,” BTSE COO Jeff Mei said in a Telegram message, noting that cryptocurrencies remain a long way from their all-time highs as stocks and precious metals continue to set new records.
A move in the markets began over the weekend when the United States took Venezuelan President Nicolás Maduro into custody and Donald Trump signaled a
He also suggested that US troops on the ground would not be necessary as long as Venezuela’s interim president, Delcy Rodríguez, “does what we want.”
