(Jan 14): Bitcoin reached a two-month high, continuing a cautious climb higher in January as geopolitical uncertainty enhances its appeal. Another factor is “a sharp short squeeze” in bitcoin derivatives markets, said Vincent Liu, chief investment officer at Kronos Research. Some US$270 million of bitcoin short positions have been liquidated in the past 24 hours, according to CoinGlass data. Across all cryptocurrencies, about US$600 million of short positions were wiped out. Broadly, traders view the current macro backdrop as positive for bitcoin, said Joshua Lim, global co-head of markets at FalconX.

Source: The Edge Markets January 14, 2026 04:45 UTC