Bitcoin surged to an intraday high of $93,169 late Sunday, extending a $5,000 rally since Friday as geopolitical tensions escalated following U.S. military action in Venezuela.

Despite a volatile weekend across global markets, crypto prices stabilized and moved higher, defying the typical risk-off reaction associated with major geopolitical events.

This story is an excerpt from the Unchained Daily newsletter.

The move triggered approximately $75 million in hourly liquidations, largely from traders holding leveraged short positions.

Market participants are now closely watching the $94,000 level, which many see as a key technical threshold. 

“If $94K can be reclaimed with legitimate volume this week, it would mark a meaningful change in trend and open a technically valid path toward $100K and beyond,” crypto futures trader Ardi wrote on X.

“This level decides the next leg. All eyes on this week.”