Bitcoin Price Near $114K as Spot Demand Returns to BTC
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Key takeaways: Bitcoin price hit new highs as a stablecoin liquidity metric pointed to fresh capital flowing into BTC. Retail investor inflows dropped while Binance’s market share surged past 49%, highlighting institutional investors’ role in driving the rally. After posting new highs on Wednesday, Bitcoin (BTC) is looking to close its highest daily candle after BTC rallied to $113,800 on Thursday. With the crypto asset possibly entering a new phase of price discovery, liquidity signals are lighting up, suggesting the rally may have more fuel in the tank. Bitcoin one-day chart. Source: Cointelegraph/TradingView Anonymous crypto analyst SunflowerQuant pointed to a bullish development in the Stablecoin Supply Ratio (SSR) MACD, a metric that tracks the market’s available buying power. Bitcoin and Stablecoin Supply Ratio correlation. Source: CryptoQuant The SSR MACD, which tracks momentum shifts, has just made a bullish crossover, where the MACD line moves above its signal line. This type of crossover has historically appeared ahead of new capital inflows and stronger upward momentum in Bitcoin’s price. It’s a sign that liquidity may re-enter the market. Last month, Binance recorded a staggering $31 billion in USDT and USDC reserves, marking an all‑time high. This suggests a massive pool of sidelined capital, potentially ready to funnel into Bitcoin and altcoins as conditions become favorable. In this light, the SSR MACD crossover signals that this huge reserve pool might soon be leveraged. Related: US debt rises to $36.6T: Will recession signals send Bitcoin back to $95K? Retail traders chill while Binance volume dominates Data from CryptoQuant noted that the exchange retail inflow (30-day sum) has dropped below $12 billion, a level not seen since April 2025. Fewer BTC deposits from retail traders suggest less selling pressure from smaller holders, removing a key source of short-term volatility. This dip in retail flows directly preceded…
Filed under: News - @ July 11, 2025 11:27 am