The real stakes now lie in the shift from passive HODLing<\/strong> to active accumulation<\/strong>. The proposal championed by Cynthia Lummis, targeting up to 1 million BTC<\/strong>, represents a historic paradigm shift<\/strong>. Even without immediate adoption, the mere fact that this scenario is being debated at the legislative level keeps a lasting bullish sentiment alive.<\/p>\n\n\n\n This anticipation acts as a psychological floor<\/strong> for the market<\/a>. Despite indicators occasionally overheating, no major correction is taking hold, with investors preferring to remain positioned in the face of a potential, unprecedented state-level catalyst.<\/p>\n\n\n\n The macro backdrop of early 2026<\/strong> reinforces this explosive scenario. Private players like MicroStrategy<\/strong> are continuing their aggressive accumulation<\/strong>, while regulatory clarity<\/strong> progresses, strengthening Bitcoin\u2019s<\/a> status as an institutional reserve asset.<\/p>\n\n\n\n If the US government were to enter the market, an immediate supply shock<\/strong> would become inevitable. Reserves on exchanges<\/strong> are already at historic lows, and demand via spot ETFs continues to absorb available liquidity. Sovereign buying pressure could be enough to propel the price to a new ATH<\/strong> within a matter of weeks.<\/p>\n\n\n\n Hovering around the $90,000<\/strong> mark, the $100,000<\/strong> resistance level appears more fragile than ever. The key question remains: should one anticipate state intervention or wait for official confirmation? One certainty dominates the market, however: volatility in the coming weeks will be extreme, and the time factor is becoming central.<\/p>\n\n\n\n![\"Bitcoin](\"https:\/\/preprod.investx.fr\/en\/wp-content\/uploads\/sites\/5\/2026\/01\/BTCUSD_2026-01-09_18-51-51.png\")
<\/figure>\n\n\n\nSupply Shock, Institutions, and the Race to $100,000<\/h2>\n\n\n\n