Bitcoin Breaks $95K as Spot Buying Fuels the Rally

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Bitcoin pushed above $95,000 this week, reigniting momentum across the crypto market and putting the psychological $100,000 level back in focus. Analyst Will Clemente noted that the rally appears to be driven primarily by spot buying, meaning investors are purchasing actual Bitcoin rather than leveraged derivatives.

That distinction matters. Spot-led rallies typically signal stronger underlying demand, not just speculative positioning. Over the past 24 hours alone, more than $269 million in short positions were liquidated, reinforcing the idea that traders betting against Bitcoin were caught off guard by genuine buying pressure.

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spot buying > leverage pumps every single time