The recent Bitcoin rally may be driven by real demand on Coinbase. Data indicating increased spot activity on Coinbase suggests this increase is being amplified by outright purchases rather than leverage in the derivatives markets. This distinction is important because spot purchases reflect a real capital commitment, not a temporary bet.
Why risk management if the demand is structural
The Bitcoin rally since Powell’s subpoena news on Sunday has been largely tied to spot buyers on Coinbase. Crypto trader Alex Krüger has done that marked on For over a month, the dominant narrative in every crypto chatroom has been that BTC is lagging while stocks and commodities rise.
The fun fact, however, is that stocks are not accurate, but 40% of S&P 500 (Standard & Poor’s 500) stocks will actually close in the red in 2025 (39.2% to be exact). Perception is doing a lot of work here, and the US Department of Justice (DOJ) move on Powell provided a major macro litmus test for BTC. Kruger argues that BTC’s long-term value proposition is about protection against the tail risk of central bank profligacy.
On Monday, BTC rose higher, although it was only a small increase. According to Krüger, BTC’s main battleground remains the 50-week moving average (WMA), which is currently around $101,420. Meanwhile, the trader wants to take some profits in short liquidations just above $100,000.
Why Bitcoin is the first to benefit from institutional flows
The Digital Asset Market Clarity Act will be approved by the Senate Banking Committee today, January 15, 2026. According to the update by BTC_road_to200k on
This is important because the art aims to clarify the ongoing regulatory uncertainty between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), which has been a major source of hesitation for major institutional players looking to acquire Bitcoin and other digital assets.
Furthermore, the Clarity Act will be a turning point as it aims to clarify rules that will give more confidence to banks, pension funds and large investors, which often translates into greater demand and stronger price momentum for BTC. As the regulatory clouds lift, the market could see a renewed surge of institutional money, and that’s clearly a positive for BTC.