- Bitcoin’s bull run was driven by Spot Bitcoin ETFs and rising U.S. investor confidence.
- MicroStrategy’s ongoing Bitcoin purchases and Trump’s crypto stance added fuel to the rally.
Bitcoin [BTC] has hit the $100k mark once more — a dramatic recovery that has reignited interest in the coin. As BTC begins a bull run, one factor stands out; the increasing role of U.S. investors.
This surge in buying activity has been spurred in part by the approval of Spot Bitcoin ETFs, which have not only legitimized Bitcoin in the eyes of institutional players but also amplified the bullish sentiment among retail investors.
Alongside these developments, key indicators like the Coinbase Premium Index and large Bitcoin outflows from exchanges signal a growing dominance of U.S. market participants.
Bitcoin: A comeback to $100k
MicroStrategy has been a major player in Bitcoin’s recent surge, having purchased more BTC for the ninth consecutive week. The company now holds a staggering 447,470 Bitcoin, valued at $27.97 billion.
This strategic buying has undoubtedly contributed to Bitcoin’s rise above the $100k mark.
Additionally, with Donald Trump set to be inaugurated as U.S. President on the 20th of January, there is growing optimism about a favorable crypto environment under his leadership.
Trump himself has suggested the possibility of a Bitcoin fund for the U.S., further fueling enthusiasm.
This combination of institutional support and political developments has helped Bitcoin break through significant price barriers, signaling a positive outlook.
U.S. investors and the positive Coinbase Premium Index
The Coinbase Premium Index, which recently flipped positive, highlights the critical role of U.S. investors in driving Bitcoin’s upward momentum.
A positive CPI reflects heightened demand for Bitcoin on U.S.-based exchanges like Coinbase compared to their global counterparts, indicating stronger buying pressure from U.S. market participants.
Source: Cryptoquant
This shift follows the launch of spot Bitcoin ETFs, which has amplified institutional and retail enthusiasm alike.
As Bitcoin surged past the $100k milestone, U.S. investors appear to be spearheading the rally, leveraging newfound confidence in the asset’s long-term potential.
4,012 BTC outflow from Coinbase
A single block outflow of 4,012 Bitcoin from Coinbase sent ripples through the market, showing robust accumulation activity.
Such substantial outflows are often associated with large institutional players or high-net-worth investors securing their assets in cold storage.
This aligns with the Bitcoin bull run $100k, as strategic moves by whales reinforce the narrative of sustained bullish momentum.
Notably, these outflows coincide with increasing U.S. investor dominance and the CPI’s positive turn. As Bitcoin supply on exchanges declines, it intensifies the scarcity effect, further propelling prices upward.
Breaking resistance or retesting key levels?
As Bitcoin consolidates above $100k, its next move depends on breaking critical resistance near $105k.
The press time RSI indicated moderate bullish momentum with room for further upside before entering overbought territory.
Meanwhile, the OBV suggested that accumulation was ongoing, driven by institutional interest and declining exchange reserves.
Source: TradingView
Read Bitcoin’s [BTC] Price Prediction 2025-26
A decisive breakout above $105k could target $120k, supported by psychological buying triggers. However, failure to sustain current levels may result in a retest of $95k, a key support zone.
With volatility likely, investors should watch whale activity and macroeconomic cues closely for directional clarity.
