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.

According to @52kskew on X, a recent large candle was likely driven by a single buyer, indicating concentrated flow (source: https://x.com/52kskew/status/1966285602774733213). The author adds that the short that got blown out was probably a hedge, signaling forced covering rather than directional conviction (source: https://x.com/52kskew/status/1966285602774733213). The post concludes both signals underscore the importance of the $115K level for market structure and positioning, making it a critical pivot for upcoming price action (source: https://x.com/52kskew/status/1966285602774733213).