Bitcoin Hits $113,800 All-Time High as Liquidity Surges 49%

Bitcoin's price reached an all-time high of $113,800, driven by a substantial influx of liquidity into the market. This surge was accompanied by a significant increase in stablecoin reserves, indicating fresh capital flowing into Bitcoin. The Stablecoin Supply Ratio (SSR) MACD, a metric that tracks the market's available buying power, showed a bullish crossover. Historically, this crossover precedes new capital inflows and stronger upward momentum in Bitcoin's price, suggesting that liquidity may be re-entering the market.

The surge in stablecoin reserves, particularly on a major exchange, reached an all-time high of $31 billion in USDT and USDC. This substantial reserve pool suggests that a large amount of sidelined capital is ready to be funneled into Bitcoin and other altcoins as market conditions become favorable. The SSR MACD crossover further signals that this reserve pool might soon be leveraged, contributing to the ongoing rally.

Retail investor inflows into Bitcoin have dropped significantly, with the exchange retail inflow (30-day sum) falling below $12 billion, a level not seen since April 2025. This decrease in retail deposits indicates less selling pressure from smaller holders, reducing a key source of short-term volatility. The dip in retail flows directly preceded Bitcoin's recent surge to $112,000, suggesting that the market was primed for larger players to drive price action.

Binance's spot market share surged to over 49% just before the breakout, highlighting the exchange's deep liquidity and institutional-grade infrastructure. This surge in market share likely attracted large-volume buyers, further driving the price rally. The combination of bullish onchain metrics and exchange data indicates that the market is running on a fresh dose of liquidity. The SSR MACD crossover suggests new money is entering the market, while the decline in retail sell pressure and Binance's volume spike indicate that institutional investors remain the primary drivers of the rally.