Jan 21, 2026
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Institutional Buyers Drive Bitcoin Rally Amid Retail Absence
Bitcoin's current price movements are occurring in a quiet market with limited retail involvement. Unlike previous rallies driven by retail speculation, the present advance is influenced by different buyers.
Muted Retail Activity
- Retail traders are not significantly impacting Bitcoin prices.
- The market remained flat after recent news from President Trump, with significant movement only starting with Asian institutional flows.
- Breaking news often explains price changes after they occur.
- Retail traders are still engaging with leverage despite warnings.
Ben Werkman highlights that companies relying on a single fiat currency risk catastrophic loss if that currency collapses, as seen with various global currencies. Bitcoin offers a hedge as a non-sovereign asset that isn't affected by local policies.
Key Levels for Bitcoin’s Expansion
- Bitcoin is trading around $90,000 to $92,000, a crucial support zone.
- If this level holds, the bullish structure remains intact.
- A break above $103,000 could lead to further gains.
- A weekly close below $90,000 might trigger a drop towards $85,000 to $80,000.
- Price behavior at $90,000 will indicate the next significant move.