BTC broke through 95k, reaching a high of 98k before falling back to 92k. Tariff headlines triggered 850 million in liquidations, while ETFs saw a weekly inflow of 1.4 billion.

Wintermute analyzed that Bitcoin broke through the $95k resistance level on January 19 (the first time since November), reaching a high of nearly $98k, driven by $1.4 billion in ETF inflows (including $760 million on Tuesday alone) and a moderate core CPI data of 2.6%. It later fell back to $92k due to headlines about Trump announcing tariffs on eight countries, accompanied by $850 million in long liquidations (half of which were in BTC/ETH). This week, attention will be focused on Davos (Trump's first attendance in six years), the EU emergency summit on Thursday, and the core PCE on Friday. On the regulatory front, the CLARITY bill is stalled due to disagreements between Coinbase and the White House regarding stablecoin returns; Goldman Sachs confirmed its exploration of tokenization and stablecoin technology; South Korea passed the legal basis for tokenized securities; and the NYSE is exploring 24/7 trading through tokenization.