Bitcoin’s recent rally may be driven by real spot demand on Coinbase. Data showing a rise in spot activity on Coinbase suggests that this rise is being powered by direct purchases rather than leveraging positioning in the derivatives market. This distinction is important because spot purchases reflect an actual capital commitment rather than a one-time bet.
Why risk management is necessary when demand is structural
Bitcoin’s rally since Sunday’s news of Powell’s summons is primarily related to spot buyers on Coinbase. Cryptocurrency trader Alex Kruger highlighted At X, we see that both the adjusted Coinbase premium and cumulative volume delta (CVD) show stable spot accumulation. This is exactly why this is a truly hated rally even among Bitcoiners. For over a month now, the dominant opinion in all crypto chat rooms has been: BTC Stocks and products are moving but lagging upward.
However, an interesting fact is that while stocks are not accurate, 40% of S&P 500 (Standard & Poor’s 500) stocks actually closed in the red in 2025 (39.2% to be exact). Perceptions are at play here, and the US Department of Justice’s (DOJ) action against Mr. Powell is a major macro litmus. test for BTC. Kruger argues that: BTC long term The value proposition is to protect against the tail risks of central bank overspending.
on monday, BTC It was only a small spike, but it was a sharp rise. According to Kruger, BTC The key battleground remains the 50-week moving average (WMA), currently around $101,420. Meanwhile, traders are looking to short sell some of their profits. liquidation Just above the $100,000 mark.
Why Bitcoin will benefit from institutional capital flows first
The Digital Asset Market Transparency Act is scheduled for a raise in the Senate Banking Committee today, January 15, 2026. According to update by BTC_road_to200k on X (officially on Twitter), where lawmakers debate and shape the final version of the bill before moving forward.
This is important because the technology is intended to resolve ongoing regulatory uncertainty between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). institutional Players looking to migrate to Bitcoin and other digital assets.
moreover, clear method This would be a turning point, as it aims to clarify rules that will bring more confidence to banks, pension funds and large investors, which often leads to higher demand and stronger price momentum. BTC. As regulatory clouds lift, the market could start to experience a new wave of institutional inflows, which is clearly bullish. BTC.
Featured image from Pixabay, chart from Tradingview.com
