Bitcoin News

Story: Bitcoin Eyes $122K but Stablecoin Liquidity Crunch Could Cut the Rally Short

By James Thorp

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Stablecoin Supply Ratio Signals Lower Buying Power. One of the most telling indicators of potential weakness comes from the Stablecoin Supply Ratio…

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BTC Holds Above Key Support—For Now. Technically, Bitcoin still looks strong. The asset continues to respect an ascending trendline…

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Profit-Taking Risks Increase as MVRV Z-Score Rises. Adding another layer of complexity is Bitcoin’s rising MVRV Z-score, which now sits at 2.83.

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Miners Hold Steady—for Now. Interestingly, Bitcoin miners appear to be sitting on their hands.

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Liquidation Zones Could Trigger Volatility. The BTC/USDT liquidation map on Binance shows a concentration of long positions between $120K and…

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What Could Come Next?. Bitcoin's technical structure remains positive, but it is now walking a fine line.

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Bitcoin’s attempt to push toward the $122,000 mark is facing some serious headwinds. While the broader sentiment around the asset remains cautiously optimistic, a deeper look at…

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One of the most telling indicators of potential weakness comes from the Stablecoin Supply Ratio (SSR), which has recently climbed to multi-month highs.

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This suggests that while Bitcoin’s price is rising, it's doing so without a corresponding inflow of fresh capital.

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Technically, Bitcoin still looks strong. The asset continues to respect an ascending trendline that currently offers support around $116,000.

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However, the range between $116.8K and $114.8K is now acting as a critical support zone. A daily close below this range could flip the market structure and bring deeper downside…

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Although the current reading isn’t at danger levels above 3.5, it's close enough to warrant caution.

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Interestingly, Bitcoin miners appear to be sitting on their hands. The Miners’ Position Index (MPI) has fallen sharply to -1.

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Either way, the lack of selling from miners removes immediate downside pressure, giving the bulls more room to push the price higher.

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If Bitcoin fails to decisively break through this zone, it could trigger cascading sell-offs as over-leveraged positions are closed out.

The Currency Analytics

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