Understanding How Stablecoin Money Flows Can Push Bitcoin Up to $100,000

Bitcoin price [BTC] is showing a promising uptrend, approaching the psychological mark of $100,000. This increase is mainly driven by a significant steady flow of money into exchanges, which is often a sign of upcoming buying pressure. Stablecoin money flows in and market motivation The analysis of the net cash flow chart of stablecoin exchange on CryptoQuant has revealed stable cash flow, especially in recent weeks. This trend implies that investors are preparing to buy Bitcoin, as stablecoin acts as the main gateway to buy cryptocurrencies. At the time of writing, over $213 million has poured in, signaling increased market activity. In addition, Bitcoin's active addresses, a measure of network usage and activity, have steadily increased alongside the price and influx of stablecoin funds. Increased network activity and investor interest The data of active addresses shows a sharp increase to about 1.27 million active addresses, the highest number since March, indicating an increasing participation in the network. This increase in active addresses reflects the growing interest of investors and is consistent with historical price patterns during network activity growth. Furthermore, the net cash flow data of the Bitcoin exchange tells a mixed story. While the total inflow of funds highlights increasing trading activity, the outflow of funds also rises, indicating accumulation and reduced selling pressure. This balance supports the steady upward momentum of Bitcoin towards $100,000. Technical analysis of Bitcoin's price indicates the primary Fibonacci retracement levels at $80,450 and $74,455, providing potential support zones in case of a pullback. The Parabolic SAR confirms the upward price trend, while the Moving Average (MA) provides a strong foundation for continuous price increases. With increasing trading volume and consistently high lows, the price increase of Bitcoin seems to be well supported. In addition, the Supply Stablecoin Ratio (SSR) of Bitcoin remains low at 10.42, indicating strong buying pressure compared to the supply of Bitcoin. Data on stablecoins and other important indicators indicate that stablecoins will play a crucial role in the effort to reach $100,000 for Bitcoin.