COINOTAG recommends • Exchange signup |
💹 Trade with pro tools |
Fast execution, robust charts, clean risk controls. |
👉 Open account → |
COINOTAG recommends • Exchange signup |
🚀 Smooth orders, clear control |
Advanced order types and market depth in one view. |
👉 Create account → |
COINOTAG recommends • Exchange signup |
📈 Clarity in volatile markets |
Plan entries & exits, manage positions with discipline. |
👉 Sign up → |
COINOTAG recommends • Exchange signup |
⚡ Speed, depth, reliability |
Execute confidently when timing matters. |
👉 Open account → |
COINOTAG recommends • Exchange signup |
🧭 A focused workflow for traders |
Alerts, watchlists, and a repeatable process. |
👉 Get started → |
COINOTAG recommends • Exchange signup |
✅ Data‑driven decisions |
Focus on process—not noise. |
👉 Sign up → |
-
Bitcoin’s recent recovery to the $98,000 level signals potential for new all-time highs, driven by significant market metrics and investor behavior.
-
Market dynamics, including decreasing exchange supplies and bullish sentiment among institutional investors, hint at a robust environment for Bitcoin’s price progression.
-
André Dragosch from Bitwise stated, “Whales are buying this dip,” emphasizing the growing accumulation among large investors.
As Bitcoin rebounds to $98,000, decreasing exchange supplies and strong spot ETF inflows signal a promising outlook for price growth.
Decreasing Supply on Exchanges Fuels Bitcoin’s Price Surge
The reduction in Bitcoin available on exchanges is a pivotal factor that supports its price momentum. Over the past six months, BTC balances across exchanges have dropped by an impressive 13%, declining from 3.1 million BTC on August 9, 2023, to a near six-year low of 2.67 million BTC by February 5, 2024.
This notable decrease in supply correlates with Bitcoin’s remarkable price appreciation of 62% during the same timeframe. When investors transfer Bitcoin from centralized exchange (CEX) wallets to self-custody wallets, it typically signifies a bullish sentiment and a reluctance to sell, thus reinforcing the price potential.
On February 5 alone, over 17,000 BTC were withdrawn, with a substantial 15,000 BTC coming from Coinbase, reflecting increasing investor confidence and strategic moves by large holders.
COINOTAG recommends • Professional traders group |
💎 Join a professional trading community |
Work with senior traders, research‑backed setups, and risk‑first frameworks. |
👉 Join the group → |
COINOTAG recommends • Professional traders group |
📊 Transparent performance, real process |
Spot strategies with documented months of triple‑digit runs during strong trends; futures plans use defined R:R and sizing. |
👉 Get access → |
COINOTAG recommends • Professional traders group |
🧭 Research → Plan → Execute |
Daily levels, watchlists, and post‑trade reviews to build consistency. |
👉 Join now → |
COINOTAG recommends • Professional traders group |
🛡️ Risk comes first |
Sizing methods, invalidation rules, and R‑multiples baked into every plan. |
👉 Start today → |
COINOTAG recommends • Professional traders group |
🧠 Learn the “why” behind each trade |
Live breakdowns, playbooks, and framework‑first education. |
👉 Join the group → |
COINOTAG recommends • Professional traders group |
🚀 Insider • APEX • INNER CIRCLE |
Choose the depth you need—tools, coaching, and member rooms. |
👉 Explore tiers → |
Whale Activity Indicates Market Optimism
Market intelligence firm Santiment observed a significant trend of accumulation among Bitcoin whales, following the recent price downturn. According to their analysis, “This is an ideal setup for crypto market caps to rise, even if it takes a few more weeks (or even months) to see the generally bullish impact of coins being absorbed by whales.” This perspective highlights that the growing enthusiasm and accumulation by significant investors could create a foundation for forthcoming upward price movements.
Impact of a Weakening US Dollar on Bitcoin
The weakening of the US dollar has pivotal implications for the cryptocurrency landscape. The US Dollar Index (DXY) fell 1.7% from its high of 109.51 on February 3 to 107.673, driven by geopolitical tensions and fiscal policy considerations. Notably, the promise to pause tariffs aimed at Canada and Mexico has contributed to some stabilization in the dollar’s performance.
COINOTAG recommends • Exchange signup |
📈 Clear interface, precise orders |
Sharp entries & exits with actionable alerts. |
👉 Create free account → |
COINOTAG recommends • Exchange signup |
🧠 Smarter tools. Better decisions. |
Depth analytics and risk features in one view. |
👉 Sign up → |
COINOTAG recommends • Exchange signup |
🎯 Take control of entries & exits |
Set alerts, define stops, execute consistently. |
👉 Open account → |
COINOTAG recommends • Exchange signup |
🛠️ From idea to execution |
Turn setups into plans with practical order types. |
👉 Join now → |
COINOTAG recommends • Exchange signup |
📋 Trade your plan |
Watchlists and routing that support focus. |
👉 Get started → |
COINOTAG recommends • Exchange signup |
📊 Precision without the noise |
Data‑first workflows for active traders. |
👉 Sign up → |
As articulated by crypto influencer Lark Davis, a weakened dollar is “mega bullish for risk assets, including Bitcoin,” suggesting that continued declines in the DXY could catalyze bullish trends in Bitcoin prices, alongside positive catalysts like nation-state Bitcoin adoption.
Strong Institutional Demand Bolsters Bitcoin ETFs
Investment in US-based spot Bitcoin ETFs remains robust, marked by an impressive inflow of approximately $2.5 billion over the past two weeks. Since their introduction in the United States on January 11, 2024, these financial products have amassed around $40 billion in capital, further enhancing Bitcoin’s appeal among institutional investors.
COINOTAG recommends • Traders club |
⚡ Futures with discipline |
Defined R:R, pre‑set invalidation, execution checklists. |
👉 Join the club → |
COINOTAG recommends • Traders club |
🎯 Spot strategies that compound |
Momentum & accumulation frameworks managed with clear risk. |
👉 Get access → |
COINOTAG recommends • Traders club |
🏛️ APEX tier for serious traders |
Deep dives, analyst Q&A, and accountability sprints. |
👉 Explore APEX → |
COINOTAG recommends • Traders club |
📈 Real‑time market structure |
Key levels, liquidity zones, and actionable context. |
👉 Join now → |
COINOTAG recommends • Traders club |
🔔 Smart alerts, not noise |
Context‑rich notifications tied to plans and risk—never hype. |
👉 Get access → |
COINOTAG recommends • Traders club |
🤝 Peer review & coaching |
Hands‑on feedback that sharpens execution and risk control. |
👉 Join the club → |
The latest report from CoinShares highlights that flows into Bitcoin investment funds totaled $486 million in net flows for the week ending January 31, reinforcing the notion that institutional interest is a crucial driver of Bitcoin price resilience.
Technical Analysis Shows Potential Price Upside
A bullish continuation pattern, specifically a bull flag, has emerged on Bitcoin’s weekly chart, indicating potential for further price advancements. Bitcoin bulls aim to convert the upper resistance at $101,800 into a supportive level. A successful weekly close above this threshold would signal a breakout, projecting a price elevation toward $167,000—a striking 70% increase from current levels.
The relative strength index, resting at 63, further underscores the market’s favorability for upward trends, suggesting that bullish momentum remains intact as key technical signals align in Bitcoin’s favor.
Conclusion
In summary, Bitcoin’s ability to reclaim the $98,000 level is bolstered by several favorable factors, including diminishing supply on exchanges, institutional demand through spot ETFs, and external influences such as the weakening dollar. The dynamics point toward a possible bullish resurgence, fortified by market optimism and strategic accumulation by whales. As Bitcoin navigates these favorable conditions, investors should remain vigilant and informed about the evolving market landscape.
COINOTAG recommends • Exchange signup |
📈 Clear control for futures |
Sizing, stops, and scenario planning tools. |
👉 Open futures account → |
COINOTAG recommends • Exchange signup |
🧩 Structure your futures trades |
Define entries & exits with advanced orders. |
👉 Sign up → |
COINOTAG recommends • Exchange signup |
🛡️ Control volatility |
Automate alerts and manage positions with discipline. |
👉 Get started → |
COINOTAG recommends • Exchange signup |
⚙️ Execution you can rely on |
Fast routing and meaningful depth insights. |
👉 Create account → |
COINOTAG recommends • Exchange signup |
📒 Plan. Execute. Review. |
Frameworks for consistent decision‑making. |
👉 Join now → |
COINOTAG recommends • Exchange signup |
🧩 Choose clarity over complexity |
Actionable, pro‑grade tools—no fluff. |
👉 Open account → |
COINOTAG recommends • Members‑only research |
📌 Curated setups, clearly explained |
Entry, invalidation, targets, and R:R defined before execution. |
👉 Get access → |
COINOTAG recommends • Members‑only research |
🧠 Data‑led decision making |
Technical + flow + context synthesized into actionable plans. |
👉 Join now → |
COINOTAG recommends • Members‑only research |
🧱 Consistency over hype |
Repeatable rules, realistic expectations, and a calmer mindset. |
👉 Get access → |
COINOTAG recommends • Members‑only research |
🕒 Patience is an edge |
Wait for confirmation and manage risk with checklists. |
👉 Join now → |
COINOTAG recommends • Members‑only research |
💼 Professional mentorship |
Guidance from seasoned traders and structured feedback loops. |
👉 Get access → |
COINOTAG recommends • Members‑only research |
🧮 Track • Review • Improve |
Documented PnL tracking and post‑mortems to accelerate learning. |
👉 Join now → |