The approval of the U.S. strategic Bitcoin reserve was anticipated to have a significant impact on the market, but it hasn't triggered the expected rally.
Many analysts believe the news was already factored into Bitcoin’s price, leaving investors still waiting for a breakout.
However, a fresh indicator of potential market recovery comes from CryptoQuant. An analyst from the platform has pointed out that Binance’s stablecoin reserves have reached an all-time high, signaling a positive shift. The total value of ERC-20 stablecoins on Binance has surpassed $31.3 billion, marking a significant milestone.
The increase in reserves is seen as a promising sign, suggesting growing momentum. The analyst attributes this surge to two main factors: investors are preparing to enter the market, and Binance is expanding its stablecoin holdings to meet growing demand. Both reflect a strong level of confidence in the market’s future prospects.
Historically, these surges in stablecoin reserves have often preceded price rises in Bitcoin and broader cryptocurrency markets. The analyst believes this trend could signal an impending uptick in Bitcoin’s value and an overall market rebound.
BitMEX co-founder Arthur Hayes has issued a cautious outlook for Bitcoin and the broader crypto market, predicting a possible short-term downturn as the U.S. government shifts its liquidity strategy.
Bitcoin’s bullish undercurrent continues to strengthen as on-chain data and derivatives market behavior reveal aggressive accumulation from long-term holders and whales.
As institutional adoption of Bitcoin accelerates, U.S. asset management giant Franklin Templeton has issued a cautionary note on the growing trend of crypto-based treasury strategies.
Bitcoin rose 1.78% over the past 24 hours to reach $109,500 at the time of writing, driven by surging institutional inflows into spot ETFs, easing global trade tensions, and strengthening technical momentum.