On Binance, an increase in potential buying liquidity is observed as Bitcoin holds above the $115,000 mark. Data indicates a significant amount of stablecoins ready to enter the market.
Hidden Buying Power
According to the Exchange Stablecoins Ratio (ESR), a decline in this indicator is noted. This suggests that a substantial amount of stablecoins remains on the platform, poised to activate trader purchasing power. Results indicate that despite fluctuations, Bitcoin's price has managed to remain stable. A low ESR level could pave the way for a new wave of buying if traders opt to convert their stablecoin holdings into Bitcoin.
Technical Fragility
The recent weekly close raised concerns as it mirrored the double-top patterns seen in 2021. Without a rapid reversal, Bitcoin risks entering a distribution phase where rallies are capped and selling pressure dominates. This technical weakness contrasts with a more favorable macroeconomic environment.
Financial Environment and Prospects
Unlike 2021, when Bitcoin peaked amid quantitative tightening, the current situation in 2025 may lead toward quantitative easing and interest rate cuts. This creates a tug-of-war between technical fragility and supportive macro liquidity that could tip the balance in favor of Bitcoin.
Thus, Bitcoin's future depends on its internal dynamics as well as external macroeconomic factors. Existing risks and opportunities may create diverse scenarios for development in the coming months.
