Bitcoin (BTC) broke above a multi‑week pattern and retested about $95,000, putting a measured objective near $107,000 in play by February. Long‑dormant holder distribution has slowed and coins are moving off exchanges, tightening supply, while a potential 20‑/50‑day EMA bull cross and a negative correlation to gold add to the bullish case.

On 17 January 2026 at 14:20, a single self-custody wallet was drained of more than $282 million after the owner disclosed a hardware recovery phrase. According to blockchain investigator ZachXBT, no technical exploit was involved. Cybersecurity firm ZeroShadow said about $700,000 was flagged and frozen as the thief moved funds across chains and into Monero.

Spot Bitcoin ETFs booked $1.42 billion in net inflows over the past week, the strongest since early October, with roughly $754 million Tuesday and about $844 million Wednesday, then a $395 million outflow Friday. Ether ETFs were similarly front-loaded, adding approximately $479 million for the week after about $290 million Tuesday, $215 million Wednesday, and roughly $180 million in net outflows Friday.

This week, Bitcoin climbed back above $97,000 for the first time since November 2025, after clearing the $94,000 technical barrier. On January 16, analyst Darkfost highlighted that the short-term holder realized price, now around $102,000, is a key on-chain level that could drive whether recent buyers hold or sell as they approach break-even. Glassnode's Chris Beamish added that reclaiming this cost basis is important for renewed bullish momentum, with Bitcoin currently trading near $95,300.

Bitcoin traded around $95,242.71 (-0.05%) as Belgium's KBC Bank set February 16 for Bitcoin and Ether trading on Bolero under MiCA, which went live in January 2026. Iran's crypto activity reached $7.78 billion in 2025, while a Jefferies strategist cited quantum computing risks; charts show resistance at $97,700 and support near $95,150.

On 17 January 2026, Michael Saylor used an appearance on the What Bitcoin Did podcast to argue that holding Bitcoin is a capital allocation decision comparable to choosing cash, bonds, or buybacks. He contended that even unprofitable companies can strengthen overall balance sheets if Bitcoin appreciation offsets operating losses and criticized what he sees as double standards applied to firms that adopt Bitcoin treasuries.

On January 16, TradingShot published a long‑term Bitcoin model indicating a key test at the 200‑day MA and a path toward roughly $60,000 by the final week of September 2026. At press time, BTC traded at $95,123, down 0.4% daily but over 5% higher on the week.

On 16 January, Bitcoin fell 1.45% after President Trump again retreated from reports that he would appoint Kevin Hassett as the next Fed Chair, reinforcing broader risk-off sentiment across markets. Even with heightened macro volatility, whales holding BTC from the December trade near the $90k–$92k cost basis and strong institutional accumulation are maintaining upward positioning, as reflected in a 0.71 put/call ratio that signals renewed call demand.