Coinbase Spot Buyers Drive Bitcoin Rally As Structural Demand And Regulatory Clarity Themes Emerge

Bitcoin's latest price upswing has been closely tied to increased spot buying on Coinbase, with metrics such as the Adjusted Coinbase Premium and Cumulative Volume Delta pointing to sustained accumulation rather than derivatives-driven speculation. Trader Alex Krüger notes that BTC still faces a key technical hurdle around the 50-week moving average near $101,420, while the upcoming January 15, 2026 markup of the Digital Asset Market Clarity Act in the Senate Banking Committee could help reduce regulatory uncertainty and unlock more institutional participation.