On Wednesday, FFTT founder Luke Gromen said on Coin Stories that institutional investors are unlikely to propel Bitcoin from around $89,880 to $150,000 without a major catalyst. CryptoQuant CEO Ki Young Ju countered that demand remains strong, citing 577,000 BTC (about $53 billion) purchased by institutional funds over the past year. Gromen also floated a potential drop to $60,000.

According to Arkham, Strategy Inc., led by Michael Saylor, bought $2.16 billion in BTC over the past week at an average of $95,284. As Bitcoin hovered near $89,199 at press time, down 2.14% daily, the firm's total holdings reached 709,715 BTC, while Saylor personally holds 17,732 BTC.

Glassnode said in a post on X that during the November–December bottoming phase, larger entities were the main drivers of Bitcoin supply accumulation while smaller cohorts distributed. Its Accumulation Trend Score showed 10,000+ BTC wallets near 1.0 after the November drop, with 1,000–10,000 BTC holders turning net buyers in December. Bitcoin traded around $88,900 as the week progressed.

On Wednesday at the WEF in Davos, President Donald Trump said he aims to sign crypto market structure legislation "very soon" and vowed the US would be the "crypto capital," lifting risk assets. Bitcoin rose over 2%, moving back toward $90k after a $87,000 low, while tariff timelines for Feb 1 and June 1 kept macro tensions elevated.

Bitcoin extended its decline, slipping below $90,000 and reaching a low at $87,200 after losing the $91,000 support. The price trades under $90,500 and the 100-hour SMA, with resistance levels at $90,300, $91,350, and $93,000. A move above $92,000 could fuel recovery, while supports sit at $89,150, $88,000, and $87,200.

At the World Economic Forum in Davos, Coinbase CEO Brian Armstrong brought Bitcoin into formal policy debate. On January 21, 2026, he confronted Banque de France governor François Villeroy de Galhau over monetary control, and by January 22 the focus had shifted to Bitcoin as a monetary system rather than a mere technology.

Donald Trump announced that he will not proceed with tariffs that had been scheduled for February 1, tying the move to progress on a prospective deal involving Greenland and the wider Arctic region. Following his comments, Bitcoin's price rapidly moved between $87K and $90K within hours, and liquidations surged to about $1 billion, marking a 40% jump over the last 24 hours.

Ripple CEO Brad Garlinghouse has told CNBC he is willing to go on record with a forecast that Bitcoin and the broader cryptocurrency market will set new all-time highs in 2026. He pointed to supportive regulation and growing institutional participation as key drivers, even after Bitcoin slipped below the $90,000 mark. XRP began 2026 near $1.85, briefly spiked toward $2.40 in early January, then retreated back to its yearly open by Jan. 20.