According to @KobeissiLetter, Bitcoin (BTC) rose above $97,000 for the first time since November 14 as levered short liquidations surged, with about $700 million in short positions liquidated over 24 hours, indicating a short-squeeze-driven breakout that is fueling near-term momentum (source: @KobeissiLetter on X, January 14, 2026).

According to the source, an X post dated January 14, 2026 stated Bitcoin reached $97,000 and included an image link, indicating a claimed spot price level for BTC (source: X post on 2026-01-14). The post did not reference any exchange, index provider, or precise timestamp for the quoted price, which limits verification within the post itself (source: X post on 2026-01-14). Traders should confirm BTC spot and index prices across major venues and reputable indices before acting because the post provides no corroborating market data or venue details (source: X post on 2026-01-14).