Bitcoin Market Shows Unusual Pattern as Stablecoin Liquidity Builds

💰 Dry powder building

By Bitfinex
Dec 4, 2025, 4:22 PM
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Stablecoin liquidity is accumulating on sidelines rather than draining, which analysts say differs from typical market tops.​

  • Bloomberg reports this indicates "dry powder waiting for clarity" in Bitcoin markets
  • Pattern suggests institutional preparation rather than capitulation
  • Contrasts with historical long-term tops where stablecoin liquidity typically exits

Key market dynamics:

  • Large Bitcoin holders (100+ BTC) continue accumulating during recent weakness
  • Daily USDT issuance remains strong at 250-300M with minimal burns
  • Retail traders showing nervousness while institutional players position quietly

This divergence between retail sentiment and on-chain data suggests potential market transition from distribution to absorption phase.​

Read the full Bloomberg analysis for complete market insights.​

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