Bitcoin has risen to its highest price since Feb. 4, 2026, but the move is running into a tougher zone. Data cited from Cryptoquant shows whale deposits to exchanges have reached their highest level since July 2024 just as BTC approaches a key resistance area. That combination has pushed exchange-flow data back into focus because rising deposits are often read as a sign that potential sell-side supply may be building.
The weekly roundup also points to Bitfinex, which said whales are on their biggest buying spree since 2013. The editor’s note adds a caveat: whale data does not carry the same clarity it once did because institutional custody reshuffling can distort the picture. Even so, the timing overlap between Cryptoquant’s exchange-deposit signal and Bitfinex’s accumulation view has kept attention on whether this rebound can extend cleanly.
Tim Draper Keeps the 18-Month $250,000 Target
Venture capitalist Tim Draper renewed his long-running bitcoin call and kept his price target at $250,000 over the next 18 months. His argument, as summarized in the source material, ties that outlook to inflation pressure and weakness in fiat currencies. The article notes that Draper has been making the $250,000 case for years.
It also revisits one of his most cited trades. Draper bought BTC in 2014 through the U.S. Marshals auction at $632, and the piece says that position is up about 11,650%. That record helps explain why he continues to frame bitcoin as a long-term macro asset rather than a short-cycle trade.
Grayscale Looks at X While Kraken Watches the Fed
Grayscale’s view is that crypto could sit underneath the next wave of consumer-finance ecosystems, with Elon Musk’s X positioned to become a deeper crypto-finance platform. The editor’s comment says crypto activity is already native to X’s user base, leaving room for payments, trading, and possibly custody features. Proprietary charting tools were also mentioned as a logical extension.
On the macro side, Kraken said a change in Federal Reserve leadership could become an important catalyst for digital assets in 2026, particularly under scenarios involving Warsh. Its baseline case keeps rates in a 3.25% to 3.75% range through the end of 2026, depending on cooler inflation data in the second half of the year.
BIP-361 Debate Reaches Bitcoin’s Property-Rights Fault Line
The other major issue in the roundup is the dispute around BIP-361. Supporters argue the proposal is meant to stop a “silent drain” of bitcoin by actors with quantum capabilities. Critics, including Frederic Fosco as referenced in the source, argue that the remedy may come at a heavy cost if it means freezing millions of coins.
The editor’s note says the quantum threat moved in just a few months from something many dismissed to something developers are actively trying to address. That has pulled the discussion beyond technical defense alone and into a deeper question: whether bitcoin should alter one of its original property-rights principles in response to a future security risk.