The next key $BTC pivot is in 2 days. The 28th.
If we follow the pattern we’ve seen over the past 5 months, BTC could drop another 5–6% from this zone, which would put the 82–84K range in play.
On the other hand, BTC usually rallies into pivot levels before reversing. This time, however, price is selling into the pivot instead. It will be interesting to see how this plays out.
🚨 Major movements in the Bitcoin market this week
The market witnessed a sharp contrast in strategies among major players: some are exiting at a loss, while others are doubling down
The legendary transfer
224,248 BTC moved in a single block
Value: $20 billion
Most likely: wallet consolidation by Tether or Bitfinex
Clear signal: massive balance-sheet restructuring
Strategy doubles down
Purchased 22,305 BTC for $2.13 billion
Largest purchase since November 2024
Total holdings: ~710,000 BTC
The challenge: 47% of their position is currently at a loss
Average purchase price: $75,353
GameStop prepares to exit
Transferred its entire holding: 4,710 BTC to Coinbase Prime
Value: $422 million
Bought in May 2025 at $107,900
Expected loss: ~$76 million
We’re witnessing a battle of strategies:
One camp exits at a loss to reduce risk
Another buys with high conviction despite pressure
The key question: Which strategy will define the next phase?
Binance retirera et cessera le trading sur la ou les paires de trading Spot suivantes le 27/01/2026 à 9h00 (Paris) :
🔸 COMP/BTC, DASH/ETH, ETC/ETH, IO/BTC, LINEA/BNB, MINA/BTC, MMT/BNB, MOVE/BNB, OG/BTC, OGN/BTC, PLUME/BNB, RUNE/ETH, SHIB/DOGE, TON/BTC, VET/ETH et YB/BNB
[Cliquez ici pour plus d'informations](https://www.binance.com/fr/support/announcement/detail/9faa3bdf8c614aa6a1dac40e9f38acef)
The most crowded trade on Wall Street is about to blow up
55,699 contracts short CAD. Historic extreme. "Never been as bearish" per BMO
The thesis: Trump will impose 100% tariffs on Canada.
Here's what they're missing:
The Supreme Court is about to rule that IEEPA doesn't authorize tariffs
Oral arguments showed Gorsuch, Barrett, Roberts, AND Kagan skeptical.
Prediction markets: 65-77% invalidation.
If IEEPA falls, the 100% tariff threat has no legal pathway for 3-6 months
But there's a deeper constraint they don't model:
In April 2025, Trump announced Liberation Day tariffs. S&P dropped 10.5% in two days
He didn't blink
Then the 10-year spiked 64 basis points in seven days
Investors were selling Treasuries during a stock crash
Within hours, Bessent raised the alarm. By midday, Trump paused all tariffs
His own words: "The bond market is very tricky. People were getting a little queasy."
The bond market is his veto player
100% Canada tariffs would spike yields hundreds of basis points. Oil, gas, potash, auto parts all embedded in American supply chains
He can threaten anything
He cannot absorb 5% yields
The enforcement base rate across Trump's tariff threats: less than 20%
June 2019 Mexico: threatened, suspended in 8 days
August 2020 Canada aluminum: imposed, withdrawn in 6 weeks
February 2025 Canada: 25% nominal, 5.6% effective after exemptions
Market prices full enforcement
History says 15-20%
Mark Carney isn't defying American power
He's arbitraging the gap between what Washington wants to do and what Washington can actually do
Seven years ago at Jackson Hole, he diagnosed the "destabilizing asymmetry" of dollar dominance
Last week in Beijing, he executed the operational version: trade diversification as monetary sovereignty
The catalyst window:
SCOTUS ruling: weeks away Canola deal execution:
March 1 USMCA review: July 1
The shorts positioned for Armageddon face a reality where the threatened catastrophe cannot legally materialize.
When they cover, there's no liquidity
The squeeze will be violent
Position accordingly.
$BTC