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ToggleBitcoin Price Reaches New High Above $113,800 as Stablecoin Reserves Surge and Selling Pressure from Retail Investors Gradually Decreases
After setting a new high on Wednesday, Bitcoin is heading towards closing the day at an All-Time-High as the price continues to climb to $113,800 in Thursday's trading session. This strong growth momentum is opening up the possibility of entering a new price discovery cycle. Notably, current liquidation signals show that capital is flowing strongly into the market, and BTC's upward trend still has plenty of room to continue.
Anonymous analyst SunflowerQuant pointed out a positive signal from the MACD indicator of the Stablecoin Supply Ratio (SSR) – a tool for tracking the purchasing power available in the market. According to his assessment, this index is showing that potential buying power remains, supporting Bitcoin's short-term price increase.
The SSR MACD indicator, a tool tracking market buying momentum changes, just recorded a bullish crossover when the MACD line crossed above the signal line. Historically, this type of signal often appears before new money flows into the market and is accompanied by stronger Bitcoin price increases. This suggests that liquidation may be starting to return to the market positively.
In the previous month, Binance recorded total USDT and USDC reserves of up to $31 billion – an all-time high. This figure indicates a large amount of capital "waiting in the wings", which could be injected into the market when conditions become more favorable. In this context, the bullish crossover from the SSR MACD indicator further reinforces the likelihood that this cash flow will be activated soon, creating new growth momentum for Bitcoin and altcoins.
Related: US Public Debt Rises to $36.6 Trillion – Will the Risk of Recession Bring Bitcoin Back to $95,000?
According to data from CryptoQuant, the total capital outflow from exchanges in the past 30 days has dropped below $12 billion – the lowest level since April 2025. Notably, the amount of BTC sent to exchanges by retail investors has also significantly decreased, indicating that selling pressure from this group is cooling down. This means that one of the main short-term volatility sources has temporarily subsided.
The decline in small investor activity occurred just before Bitcoin strongly increased to the $112,000 range, suggesting that the market may be "clearing the way" for institutional capital or larger players to continue leading price action in the upcoming period.
Supporting this argument, analyst Amr Taha points out that Binance's spot trading market share has exceeded 49% just before Bitcoin's breakout. This development shows that Binance continues to maintain an advantage in deep liquidity and institutional-standard trading infrastructure, a factor that may have helped attract significant capital from institutional investors in recent weeks.
Based on positive signals from on-chain indicators and trading data, the market seems to be fueled by a new wave of liquidation. The bullish crossover of the SSR MACD indicator suggests that new money is beginning to enter the market. Meanwhile, selling pressure from retail investors is decreasing, and trading volume on Binance is increasing strongly, reinforcing the view that whales and institutional investors are still controlling price movements.
Related: Bitcoin Investors Have Now Spent Over $50 Billion on ETFs in the US
Not only do on-chain indicators and exchange data show new money flowing into the market, but capital inflows into Bitcoin ETFs in the US are also clear evidence. According to the latest statistics, total investment in Bitcoin ETFs has exceeded $50 billion – reflecting the growing interest from institutional investors. This is one of the important factors helping to maintain Bitcoin's current upward momentum, especially as selling pressure from small investors decreases and market-wide liquidation shows clear signs of improvement.
This article does not contain investment advice or recommendations. All investment and trading decisions involve risks, and readers should conduct their own research before making decisions.
