Bitcoin is making waves as it nears the $100,000 mark, following a dramatic price surge. In just 24 hours, BTC/USD jumped by $7,000, reaching highs of $99,500 on Bitstamp. This rebound came after a dip to December lows near $92,000, with buyers flocking back to Coinbase, easing previous sell-side pressure.

Traders like Exitpump and Superbro highlighted key technical indicators, noting Coinbase's increased buying volumes and the 50-day SMA acting as support. Despite the price rally, US Bitcoin ETFs faced significant outflows, with the iShares Bitcoin Trust seeing record withdrawals.