Could CPI Push BTC Above $94k?
Jan 12, 2026
Author
Discussed in today's video:
The Bad: Large incremental BTC demand failed to move price, with Strategy’s $1.2bn purchase largely absorbed near ~$92k, signaling persistent overhead supply and explaining recent choppy price action. The Good: U.S. flows into crypto re-emerged today, with a strong Coinbase premium and premium-to-NAV expansion across digital asset treasury companies. My View on Powell’s Statement: Powell’s response reasserted Fed independence rather than signaling a tighter policy bias, preserving a data-dependent reaction function and reducing the ri...