Bitcoin rose 2.6% in early Asia trading on December 29, 2025, continuing its upward momentum from December 26. The price increase occurred in a low liquidity environment typical of the holiday season, with no significant news driving the movement. Spot and perpetual buying in these thin markets likely contributed to the rise, potentially influenced by recent comments from Michael Saylor. Deribit's BTC perpetual funding rates surged above 30%, indicating a possible shift in gamma positioning. The combination of thin liquidity and concentrated buying could propel Bitcoin's price higher if the trend persists beyond the $94,000 mark.