Bitcoin’s Liquidity Signals Potential for $124K Breakthrough

Recent data reveals increased stablecoin reserves on cryptocurrency exchanges, a sign of strong buying potential. This rise in stablecoins often precedes bullish trends in Bitcoin as traders prepare for market entry. Notably, Bitcoin supply on exchanges is hitting multi-year lows, with fewer tokens available for selling pressure. This supply squeeze, coupled with the increasing demand from stablecoins, creates a compelling liquidity setup for a price surge.