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Bitcoin is beginning to show signs of a strong recovery after recent consolidation. The asset has moved past the $87,000 level, gaining approximately 5.2% over the past week and 3.4% in the last 24 hours.
This uptick in performance marks a notable contrast to the steady downtrend observed in recent weeks, offering traders renewed momentum and sparking discussions around broader market sentiment.
One of the key developments supporting this shift appears to be rising liquidity on major exchanges. CryptoQuant analyst Darkfost highlighted that the amount of ERC-20 stablecoins held on Binance has reached a new all-time high, now surpassing $31 billion.
Binance continues to lead in trading volume among centralized exchanges, making this metric particularly important for analyzing near-term price action.
Stablecoin Accumulation and Investor Sentiment
According to Darkfost’s analysis on CryptoQuant’s QuickTake platform, the increasing stablecoin reserves suggest growing confidence among Binance users. These funds may represent capital being positioned for reentry into crypto markets, potentially signaling a wave of buying pressure.
Additionally, Binance may be accumulating stablecoins to manage liquidity for ongoing investor demand or hedging strategies. Notably, stablecoin balances on exchanges are often used as an indicator of future market participation.
When reserves increase, it typically reflects investor readiness to deploy capital into assets like Bitcoin and Ethereum. While this trend does not guarantee immediate upward price movement, it generally aligns with improving sentiment and rising demand.
📈Stablecoin on Binance ATH !
The amount of stablecoins (erc-20) available on Binance has just reached a new all-time high, surpassing $31 billion.
Seeing these stablecoins growing and remaining on Binance is generally a positive sign. pic.twitter.com/UJeX20XlBH
— Darkfost (@Darkfost_Coc) March 23, 2025
Bitcoin Short-Term Cost Basis Levels to Watch
In another report, CryptoQuant analyst Burak Kesmeci outlined important cost levels for Bitcoin investors based on holding duration. These “cost basis” levels represent the average entry price for groups of investors segmented by how long they’ve held their Bitcoin.
Monitoring these ranges helps assess which price levels may act as support or resistance in the market. Kesmeci identified four key price bands: $85,000 for holders between 1 to 4 weeks, $89,000 for 3 to 6-month holders, $98,000 for 1 to 3-month holders, and $63,000 for those holding between 6 to 12 months.
These zones are important because short-term investors often react to these levels—either taking profit or exiting when the price approaches their average entry cost. A move above $89,000, for example, could flip this zone into support and potentially open the path toward retesting higher levels closer to $98,000.
Featured image created with DALL-E, Chart from TradingView
Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others.
Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis.
Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events—like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ’s arrest—has honed his keen sense of market dynamics.
When he isn’t crafting engaging crypto content, you’ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he’s catching some Z’s or scrolling through Elon Musk’s very own X platform—(oops, another screen activity, my bad…)
Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters—(don’t judge, that’s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or “kaizen,” striving to be 1% better every day. His mantras, “God knows best” and “Everything is still on track,” reflect his resilient outlook and how he lives his life.
In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He’s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck—unflappable. Edyme is like trading in your car for a jet—bold. He’s the guy who’d ask his boss for a pay cut just to prove a point—(uhhh…). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent—okay, maybe that’s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps.
Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That’s just not the way he roll. He has these favorite lyrics from NF’s “Clouds” that resonate deeply with him: “What you think’s probably unfeasible, I’ve done already a hundredfold.”
PS—Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He’s 100% Him-alayan. Screw it, he ate the opp.
Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
