$BTC

The price of Bitcoin has reached unprecedented levels as a liquidity metric for stablecoins indicates an influx of new capital into BTC. * While inflows from retail investors have decreased, Binance’s market share has exceeded 49%, underscoring the influence of institutional investors in propelling the rally. After achieving new peaks on Wednesday, Bitcoin (BTC) is poised to finalize its highest daily candle following a surge to $113,800 on Thursday. As the cryptocurrency potentially enters a new phase of price discovery, liquidity indicators are becoming increasingly positive, implying that the rally may have additional momentum. A reduction in BTC deposits from retail traders indicates diminished selling pressure from smaller holders, thereby alleviating a significant source of short-term volatility. This decline in retail inflows directly preceded Bitcoin’s recent ascent to $112,000, suggesting that the conditions were favorable for larger market participants to influence price movements