According to @52kskew, commodities are broadly bid today with BTC participating, as spot buying lifts price and some hedges close out, indicating flow-driven upside in Bitcoin rather than derivatives-led momentum. Source: @52kskew on X, Jan 12, 2026. For trading, this setup favors monitoring spot order flow for continuation and watching for further hedge unwinds that can fuel intraday squeezes, based on the same observations. Source: @52kskew on X, Jan 12, 2026.