Analysts spot rising buying power on Binance as BTC-to-stablecoin ratio grows

The Bitcoin-to-stablecoin ratio on Binance has risen, signaling increased buying pressure despite Bitcoin’s recent rebound of approximately $8,000 over the past week. Data from CryptoQuant shows that the metrics now hover near 1.0, indicating stablecoins represent a larger portion of the exchange’s reserves. 

The Bitcoin-to-stablecoin ratio on Binance, the world’s largest cryptocurrency exchange by trading volume, suggests that the asset may be experiencing rising buying power.

Data from CryptoQuant, a blockchain data provider and analytics platform, shows that the metrics have been rising and now stand at around 1.0 after Bitcoin’s recent pronounced correction. The metrics indicate that stablecoin reserves on the exchange are rising and now represent a larger portion of Binance’s reserves.

Analysts believe the rising Bitcoin-to-stablecoin ratio on Binance indicates renewed buying pressure

According to technical and onchain analyst Darkfost, historical data on the Bitcoin-to-stablecoin ratio suggests that Bitcoin may be on the verge of a new rally. Darkfost published an article stating that stablecoin reserves recently surged by $1 billion. He suggested that investors could be opting to protect their capital or that the exchange could be attracting new capital inflows.

Bitcoin’s value relative to the U.S. dollar has continued to decline amid ongoing corrections, which mechanically increased the effective buying power of the stablecoin reserves held on the exchange, according to Darkfost.

The analyst noted that a similar pattern occurred during the March 2025 correction when Bitcoin dipped from $109,000 to $74,000 before initiating a rally that drove the asset to its all-time high of $126,000.

The analyst said that the ratio’s recent increase could be an indication of “early stages of a gradual deployment of sidelined liquidity,” which would signify a “very positive signal” for the crypto market. 

Darkfost highlighted that Bitcoin has rebounded by approximately $8,000 over the last week in a move supported by a nearly $4 billion increase in open interest. However, he emphasized that the ratio “remains especially compelling” even after the upsurge.

Stablecoin reserves in all exchanges rise, CryptoQuant data shows

Additional data from CryptoQuant shows that stablecoin reserves in all exchanges on the Ethereum network have increased since January 3. On January 3, the stablecoin exchange reserves stood at $65 billion, increasing to $65.2 billion on January 4 and $65.3 billion on January 5.

As of January 6, the exchange reserves sit at $65.4 billion. An increase in stablecoin reserve indicates buying pressure and increased volatility in the markets.

Institutions have also shown signs of accumulation. Data from the ETF tracking website SosoValue shows that spot U.S. Bitcoin ETFs have received more than $1 billion in inflows in the last two consecutive working days. The data shows that the funds drew in $697.25 million from investors on Monday and $471.14 million on Friday, bringing the total inflows for the two days to $1.168 billion. 

Cryptopolitan reported on December 29 that Bitcoin whales holding between 1,000 and 10,000 BTC had been accumulating the cryptocurrency despite the ongoing bearish trend at the time. The report referenced onchain data from Glassnode, which showed that the group’s Accumulation Trend Score was close to 1, indicating signs of accumulation. The data suggested that these groups of whales were buying the dip as Bitcoin dropped towards $80,000.

When the report was released, the crypto asset was trading at around $87,300, following a bearish November that saw Bitcoin’s price drop from $110,000. Since then, Bitcoin has recovered past $90,000, having witnessed an 8% increase since December 29. 

According to data from CoinMarketCap, Bitcoin is trading at $93,971 as of the time of this publication and has risen by nearly 7% in the last seven days. 

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