Bitcoin going up, up and away

Crypto shorts have been getting rekt as Bitcoin keeps climbing.

Author

Stacy Jones
January 14, 2026

📝 What you need to know

Crypto bears got crushed Tuesday as Bitcoin surged past $97,000—its highest level since mid-November. The rise triggered nearly $800 million in liquidations early Wednesday. Short positions took the brunt of the pain, with $718 million liquidated as Bitcoin climbed 4%, Ethereum jumped 6%, and Solana gained 3%.

The rally followed steadying U.S. inflation data and growing momentum around the Clarity Act, a crypto market structure bill heading for Senate markup Thursday. Bitcoin ETFs saw their strongest inflows since October at $754 million. Traders on Myriad, a prediction market developed by Decrypt's parent company Dastan, now give BTC an 89% chance of hitting $100,000 before falling to $69,000—odds that jumped 13% in just 24 hours.

Crypto Shorts Get Rekt: Liquidations Near $800M as Bitcoin Price Spikes

Bitcoin is trading near $97,000 for the first time since November, with broader crypto market gains punishing bears over the last day.

📰 In the News

Crypto Bill Draft Grants XRP, Solana and Dogecoin Same Legal Status as Bitcoin

The draft provision would treat tokens as “non-ancillary” assets, exempt from SEC securities rules, if they were in an ETF by 2026.

Bitcoin ETFs Draw in $754M as BTC Clears $95K

Bitcoin ETFs saw their highest daily inflow since October as BTC hit $95,000, but experts exercise caution as demand could be selective.

LINK Hits Monthly High as Bitwise Launches Chainlink ETF on NYSE

Bitwise launched its Chainlink ETF Wednesday, becoming the second spot LINK fund in the U.S. following Grayscale's December debut.

World Liberty Financial Stablecoin USD1 Lands on Prediction Market Myriad

Myriad predictors can use the Trump-backed DeFi project’s stablecoin USD1 through its BNB Chain integration.

📊 Myriad Market of the Day

Ethereum's next move: Pump to $4K or Dump to $2.5K?

Trade "Ethereum's next move: Pump to $4K or Dump to $2.5K?" on Myriad

😂 Meme of the Day

🥇 Be First to Market With Myriad

Join the Myriad Markets Telegram to see the latest prediction markets the second they drop!

With Myriad, the on-chain prediction market launched by Decrypt’s parent company DASTAN, you can break the news and stake the news, using USDC and points.

🕵🏻‍♀️ Editor’s Picks

Visa Partners With BVNK to Enable Stablecoin Payouts on Visa Direct

The integration will enable businesses to fund and receive Visa Direct payouts using stablecoins in select markets.

Google Seeks Dismissal of Publisher Lawsuit Over AI Search Summaries

The search giant says displaying AI summaries constitutes lawful innovation, in its latest defense against year-long publisher lawsuits.

Why Ethereum Could Be Ready to Outperform Bitcoin in 2026

Ethereum could narrow its performance gap with Bitcoin in 2026 as capital rotates and on-chain activity improves, Decrypt was told.

📚 Watch and Learn

📹️ WATCH: Are we back? Crypto is Green! Solana Intern goes rogue! Pump up 13%!

Crypto rallies on largest ETF inflow in 3 months. Senate committee to vote on crypto bill on Jan 27. Stablecoin issues with bill still being fought over. Ethena Labs makes USDe free from gas fees.

🎓️ LEARN: Getting Started With Myriad

Myriad's prediction market ecosystem enables you to make predictions using points and USDC. Here’s how to get set up and start using it.

Interested in partnering with Decrypt? Find out more here.