Bitcoin has surged sharply above $94,000, ending a multi-day stretch of flat trading between $88,000 and $92,000.

The breakout arrived suddenly on December 9, accelerating within minutes and breaking the range that capped the market for nearly a week.

Trading data shows heavy inflows into major institutional and exchange-linked wallets in the hour leading into the rally. 

Several high-volume custodial addresses accumulated thousands of BTC in a short window, indicating deep liquidity buyers moved first before the squeeze took hold.

🚨 BREAKING:

HERE'S EXACT REASON WHY BITCOIN JUST PUMPED:

BINANCE BOUGHT 7,298 BTC
COINBASE BOUGHT 3,412 BTC
WINTERMUTE BOUGHT 2,174 BTC
BLACKROCK BOUGHT 1,362 BTC
RANDOM WHALE BOUGHT 6,192 BTC

THIS IS THE BIGGEST INSIDER PUMP EVER!! pic.twitter.com/SImfFYuGT8

The velocity of the breakout suggests order books thinned quickly once demand breached range resistance. A rapid shift in market structure followed, with momentum building as shorts began closing under pressure.

Liquidation data confirms that futures markets absorbed the move aggressively. More than $300 million in total crypto liquidations occurred over the past 12 hours, with Bitcoin accounting for over $46 million and Ethereum above $49 million.

Most liquidations were short positions, signalling that the move was a classic squeeze rather than a gradual trend build. 

As cascading stops triggered, price expansion accelerated vertically with little counter-supply present.

The rally followed a notable policy update from the US Office of the Comptroller of the Currency, which confirmed banks may engage in riskless principal crypto transactions. The decision allows regulated institutions to intermediate crypto flow without holding assets directly.

This shift expands potential institutional access, and its timing, just hours before the breakout, may have encouraged positioning. 

OCC Interpretive Letter 1188 confirms that a national bank may engage in riskless principal crypto-asset transactions as part of the business of banking. https://t.co/gXirMExhCi pic.twitter.com/uPRFGqb2NZ

With the Federal Reserve rate decision approaching, traders now expect easier liquidity conditions if rate cuts are confirmed.

Bitcoin remains near intraday highs with volatility elevated and funding resetting across derivatives. Markets will watch whether follow-through demand holds into the FOMC announcement or if profit-taking cools momentum at the top.

The post Bitcoin Breaks Above $94,000 After Week-Long Stagnation, Here’s Why appeared first on BeInCrypto.

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