{"id":91540,"date":"2025-11-28T15:59:20","date_gmt":"2025-11-28T12:59:20","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=91540"},"modified":"2025-11-28T16:02:14","modified_gmt":"2025-11-28T13:02:14","slug":"analysts-flag-rising-liquidity-and-bitcoins-rally-potential","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/analysts-flag-rising-liquidity-and-bitcoins-rally-potential\/","title":{"rendered":"Analysts flag rising liquidity and bitcoin\u2019s rally potential"},"content":{"rendered":"<p>The total stock of <a href=\"https:\/\/forklog.com\/en\/news\/what-are-stablecoins\">stablecoins<\/a> in the ecosystem has hit a record $160bn, a more precise gauge of crypto-market liquidity than traditional money-supply measures, XWIN Research Japan <a href=\"https:\/\/cryptoquant.com\/insights\/quicktake\/6928c68b84244e57ffb32986-The-World-Is-Increasing-Liquidity-Again-%E2%80%94-But-the-Real-Signal-Comes-From-Stablec\">said<\/a>.\u00a0<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-8f9ca585b43a2d32-10727076115412476-1024x576.png\" alt=\"image\" class=\"wp-image-270712\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-8f9ca585b43a2d32-10727076115412476-1024x576.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-8f9ca585b43a2d32-10727076115412476-300x169.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-8f9ca585b43a2d32-10727076115412476-768x432.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-8f9ca585b43a2d32-10727076115412476.png 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: CryptoQuant\/XWIN Research Japan.\u00a0<\/figcaption><\/figure>\n<p>They noted that investors most often compare bitcoin\u2019s trajectory with the global aggregate <span data-descr=\"the sum of cash in circulation outside the banking system and non-cash funds in residents' bank accounts and deposits, as well as accrued interest on them\" class=\"old_tooltip\">M2<\/span>. The sharp rise in that measure did coincide with the 2020\u20132021 bull market. Yet over the past five years, the statistical correlation averaged only about 0.5.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cIn periods of monetary tightening, as in 2022\u20132023, bitcoin displayed dynamics independent of M2. The money supply shapes the macro environment, but it is not a reliable indicator for forecasting the cryptocurrency\u2019s price,\u201d the experts stressed.\u00a0<\/em><\/p>\n<\/blockquote>\n<p>A more accurate metric is the total stock of stablecoins, which set an all-time high in 2025. XWIN Research Japan highlighted three reasons why it matters:\u00a0<\/p>\n<ul class=\"wp-block-list\">\n<li>stablecoins provide liquidity for trading and <a href=\"https:\/\/forklog.com\/en\/news\/what-is-decentralised-finance-defi\">DeFi<\/a>;<\/li>\n<li>these assets respond more quickly to shifts in demand;<\/li>\n<li>the gauge closely tracks institutional inflows, including those linked to <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-cryptocurrency-etf\">exchange-traded funds<\/a>.<\/li>\n<\/ul>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cAs during the 2021 bull trend and the 2024\u20132025 recovery, growth in the volume of \u2018stable coins\u2019 invariably preceded the rise in bitcoin,\u201d the specialists said.\u00a0<\/em><\/p>\n<\/blockquote>\n<p>M2 reflects long-term trends, while stablecoin dynamics capture the crypto market\u2019s true impulse, the analysts concluded.\u00a0<\/p>\n<h2 class=\"wp-block-heading\">Additional bullish signals\u00a0<\/h2>\n<p>CryptoQuant analysts pointed to several key on-chain indicators that are laying the ground for a renewed rise in bitcoin\u2019s price. The first\u2014and one of the most significant\u2014signals is deleveraging.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\ud83e\uddf5 Alerts to stay ahead of the market<\/p>\n<p>STH-SOPR highlights heavy profit or loss taking by short-term holders. This is a top-alert on CryptoQuant for spotting market pivots.<\/p>\n<p>These are the four additional trending alerts on CryptoQuant \ud83d\udc47 <a href=\"https:\/\/t.co\/CQDJxx9efK\">pic.twitter.com\/CQDJxx9efK<\/a><\/p>\n<p>\u2014 CryptoQuant.com (@cryptoquant_com) <a href=\"https:\/\/twitter.com\/cryptoquant_com\/status\/1994376582593757322?ref_src=twsrc%5Etfw\">November 28, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>It triggers when open interest in the futures market falls by more than 12% within seven days. According to the experts, this is not a sign of market weakness but an indicator of its \u201chealing.\u201d\u00a0<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-4e151826ea61601d-10727215358723852-1024x576.png\" alt=\"image\" class=\"wp-image-270713\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-4e151826ea61601d-10727215358723852-1024x576.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-4e151826ea61601d-10727215358723852-300x169.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-4e151826ea61601d-10727215358723852-768x432.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-4e151826ea61601d-10727215358723852-1536x864.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/img-4e151826ea61601d-10727215358723852.png 1600w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: CryptoQuant.\u00a0<\/figcaption><\/figure>\n<p>\u201cWeak hands\u201d that opened excessive positions are actively leaving the market, reducing selling pressure.\u00a0<\/p>\n<p>Negative funding on futures also points to strong rebound potential. Current rates indicate that most traders are short and pessimistic.\u00a0<\/p>\n<p>Historically, such periods are ideal entry points\u2014any small price move can trigger a <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-short-squeeze\">short squeeze<\/a>, amplifying the rally.\u00a0<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-f8cf25aeb3659c3a-10727228649653476-1024x576.png\" alt=\"image\" class=\"wp-image-270714\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-f8cf25aeb3659c3a-10727228649653476-1024x576.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-f8cf25aeb3659c3a-10727228649653476-300x169.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-f8cf25aeb3659c3a-10727228649653476-768x432.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-f8cf25aeb3659c3a-10727228649653476-1536x864.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/img-f8cf25aeb3659c3a-10727228649653476.png 1600w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: CryptoQuant.\u00a0<\/figcaption><\/figure>\n<p>The price of the first cryptocurrency has fallen below the average purchase price of short-term holders\u2014meaning many recent entrants are now in the red.\u00a0<\/p>\n<p>In a still-bullish trend, such levels are viewed by institutional players and long-term holders as attractive accumulation zones, creating strong buying demand.\u00a0<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-5fc27caacb94873e-10727258825697111-1024x576.png\" alt=\"image\" class=\"wp-image-270715\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-5fc27caacb94873e-10727258825697111-1024x576.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-5fc27caacb94873e-10727258825697111-300x169.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-5fc27caacb94873e-10727258825697111-768x432.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-5fc27caacb94873e-10727258825697111-1536x864.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/img-5fc27caacb94873e-10727258825697111.png 1600w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: CryptoQuant.\u00a0<\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\">On-chain activity\u00a0<\/h2>\n<p>Over the week, on-chain bitcoin transfer volume fell 20% to $87bn, according to <a href=\"https:\/\/studio.glassnode.com\/charts\/transactions.TransfersVolumeSum?a=BTC&#038;resolution=1w&#038;s=1734345227&#038;u=1760918400&#038;zoom=\">Glassnode<\/a>.\u00a0<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-6f8aea362875b113-10727271465666751-1024x576.png\" alt=\"image\" class=\"wp-image-270716\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-6f8aea362875b113-10727271465666751-1024x576.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-6f8aea362875b113-10727271465666751-300x169.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-6f8aea362875b113-10727271465666751-768x432.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-6f8aea362875b113-10727271465666751-1536x864.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/img-6f8aea362875b113-10727271465666751.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: Glassnode.\u00a0<\/figcaption><\/figure>\n<p>Daily spot turnover also declined\u2014to $12.8bn. This means the rebound above $92,000 was not accompanied by a surge in trading activity.\u00a0<\/p>\n<p>The pattern points to waning investor engagement, which is needed for further price gains.\u00a0<\/p>\n<h2 class=\"wp-block-heading\">A poor November\u00a0<\/h2>\n<p>November 2025 may turn out to be among the worst in bitcoin\u2019s history. Since the start of the month, the price has fallen by more than 16%.\u00a0<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"536\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-d2c4323d921b1f25-10727303176687322-1024x536.png\" alt=\"image\" class=\"wp-image-270717\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-d2c4323d921b1f25-10727303176687322-1024x536.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-d2c4323d921b1f25-10727303176687322-300x157.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-d2c4323d921b1f25-10727303176687322-768x402.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-d2c4323d921b1f25-10727303176687322-1536x803.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/img-d2c4323d921b1f25-10727303176687322.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/www.coinglass.com\/today\">CoinGlass<\/a>.\u00a0<\/figcaption><\/figure>\n<p>Analyst Sumit Kapoor <a href=\"https:\/\/x.com\/moneygurusumit\/status\/1993542651165962263\">suggested<\/a> continued sideways action in December, as hinted by historical data. Almost every \u201cred\u201d November was followed by a similar December.\u00a0<\/p>\n<p>Technical analysts are watching for bitcoin to close the monthly candle around $93,000. If price momentum fades over the weekend of November 29 and 30, further downside is possible.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Not much to update on <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a>. <\/p>\n<p>The 74k level that I referenced over 3 months ago as the key HTF level that should not be breached on any pullbacks still holds, despite 95% of crypto twitter flipping bearish over the last couple weeks.<\/p>\n<p>HTF bullish structure remains in-tact as we\u2026 <a href=\"https:\/\/t.co\/b6Q48qaDe3\">pic.twitter.com\/b6Q48qaDe3<\/a><\/p>\n<p>\u2014 CrediBULL Crypto (@CredibleCrypto) <a href=\"https:\/\/twitter.com\/CredibleCrypto\/status\/1994119819948642542?ref_src=twsrc%5Etfw\">November 27, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cAs the month close approaches, I have highlighted the two most important levels to watch at this timeframe \u2014 $93,401 and $102,437,\u201d noted the specialist under the nickname CrediBull Crypto.\u00a0<\/em><\/p>\n<\/blockquote>\n<p>In his view, a close above $93,000 \u201cwill be a positive signal,\u201d and above $102,000 \u201cincredibly bullish.\u201d\u00a0<\/p>\n<p>At the time of writing, bitcoin is trading around $91,500, up 0.5% over the past 24 hours, according to <a href=\"https:\/\/www.coingecko.com\/\">CoinGecko<\/a>.\u00a0<\/p>\n<p>Earlier, Glassnode analysts <a href=\"https:\/\/forklog.com\/en\/news\/analysts-identify-hurdles-to-bitcoins-new-all-time-high\">outlined<\/a> obstacles on the way to a new all-time high for bitcoin.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The stablecoin stock in the ecosystem hit a record $160bn \u2014 now a more precise gauge of market liquidity than traditional money-supply metrics.<\/p>\n","protected":false},"author":1,"featured_media":91541,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Stablecoins hit $160bn, a cleaner liquidity gauge as on-chain signals hint at a bitcoin rebound.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,480,1205,1138],"class_list":["post-91540","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-bitcoin-price","tag-cryptoquant","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"317","promo_type":"1","layout_type":"1","short_excerpt":"Stablecoins hit $160bn, a cleaner liquidity gauge as on-chain signals hint at a bitcoin rebound.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/91540","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=91540"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/91540\/revisions"}],"predecessor-version":[{"id":91542,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/91540\/revisions\/91542"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/91541"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=91540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=91540"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=91540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}