Bitcoin at $98K: Breaking Point as Institutional Surge Meets Macro Shifts

Bitcoin Daily Research Report: February 7, 2025
Your concise update on Bitcoin’s market dynamics, institutional moves, and key developments.

🌐 Market Overview

• Price Action: Bitcoin trades at $97,000–$98,000, consolidating after recent volatility. Resistance at $99k–$103k, support at $95.8k (critical) and $92k–$93k (News Source).

• Macro Drivers:

• U.S.-China trade tensions and Trump’s new tariffs weigh on risk assets.

• Strategic Bitcoin Reserve under evaluation by the U.S. government (Lightspark CEO Interview).

• Institutional ETFs see $350M+ inflows; whales accumulate dips.

📉 Technical Analysis

• Falling Wedge Breakout Imminent: Daily chart suggests a decisive move—$116k upside target or $92.5k breakdown (Video).

• Bearish Signal Alert: Weekly MACD nears crossover; confirmation in 3 days risks momentum loss (Video).

• Key Levels:

• Bullish Case: Break above $103k could trigger a short squeeze to $110k.

• Bearish Case: Close below $95.8k may accelerate selling.

🏦 Institutional & Macro Moves

• MicroStrategy’s Aggressive Accumulation: Now holds 471,000 BTC ($46B+), raising $500M for more purchases (Video).

• BlackRock’s Bitcoin ETPs: Fueling institutional adoption; FDIC revising crypto guidance to enable bank custody (Reddit Post).

• Ultra-Rich Adoption: Tiger21 members allocate 1-3% to Bitcoin as “digital gold” amid global instability (Video).

⚖️ Regulatory Developments

• Czech Tax Relief: Capital gains tax eliminated for Bitcoin held 3+ years (Reddit Image).

• Trump Meme Coin Scrutiny: Public Citizen files DOJ complaint over potential Emoluments Clause violations (Reddit Post).

• U.S. Debt Crisis: $9.2T debt refinancing in 2025 threatens market volatility; Bitcoin’s role as a hedge debated (News).

⛓️ On-Chain Insights

• Satoshi’s Holdings: ~1.096M BTC ($107B) remains unmoved across wallets, per Arkham analysis (Reddit Post).

• Supply Shock Intensifies: Exchanges see withdrawals; long-term holders retain 70%+ of circulating supply.

🪙 Altcoin Market

• Max Pain for Altcoins: Bitcoin dominance at 4-year highs; traders rotate into BTC amid macro uncertainty (Video).

• PumpFun’s Impact: Analysts blame meme coin platforms for altcoin market fragmentation (Reddit Post).

• Retail Struggles: 2021 altcoin holders face 70-80% losses; debate over cutting losses vs. holding (Reddit Post).

💡 Community Sentiment

• HODL Anxiety: Long-term investors fear moving BTC to self-custody despite exchange risks (Reddit Post).

• Meme Culture Thrives: Satirical posts compare crypto trading to fighter pilot maneuvers (Reddit Image).

🔮 Outlook & Strategy

• Short-Term: Watch for wedge breakout/breakdown; leverage caution advised due to weekend volatility (Video).

• Long-Term: Accumulate dips (20-30% corrections); target $116k–$350k+ in bullish macro scenarios.

• Risks: U.S. liquidity tightening, altcoin capitulation, and regulatory crackdowns.

Stay vigilant, manage risk, and stack sats wisely.

Disclaimer: This report is for informational purposes only. Conduct your own research before trading.