• Bitcoin’s recent drop, driven by Binance traders, opened an opportunity for investors to bid lower.
• A $2 billion USDT inflow has added to the strong demand for Bitcoin, potentially setting the stage for a rally.

After briefly dipping below $100K last week, Bitcoin [BTC] staged a swift comeback, closing at $105,577 on the 23rd of June and holding strong above $105K at press time.

Two key factors drove this drop-to-rally movement: Binance traders and a liquidity wave powered by stablecoins.

The question now is whether this will be enough to sustain upward price momentum…

Binance traders pulled the trigger, but not in the way you think

According to CryptoQuant, Binance’s Retail Exchange Inflow – Spent Out Value Bands spiked to a 2-year high.

In fact, the spikes happened on the 15th of June and again on the 19th of June. That means it rose 25% and 19% respectively.

Both inflows preceded sharp drops in BTC price, including a fall to $98,286 on the 22nd of June.

While retail often lags the market, this time they might’ve front-run the correction.

This kind of situation typically implies two things: a higher tendency for investors to sell their assets or hold them without trading, possibly transferring them outside Binance into private wallets.

Tether’s $2B mint floods HTX & BTC soaks it up

Just as BTC approached support, fresh liquidity arrived.

Per CryptoQuant, $2 billion worth of USDT was minted on the TRON [TRX] network, with $1.24 billion of that flowing directly into HTX Global—the largest single-exchange netflow in recent months.

Typically, when such significant minting occurs, Bitcoin absorbs the bulk of it, with only minimal amounts flowing into altcoins.

Sure enough, BTC bounced sharply, gaining 4.54% over the next 24 hours.

This indicates that both spot and derivatives investors are taking positions by buying the recent dip.

AMBCrypto also analyzed other indicators to assess whether Bitcoin’s upward trend would continue or face another pullback.

Bitcoin’s spot market shows strong bullish signals

The Bitcoin Market Value to Realized Value (MVRV) Ratio, a key indicator of whether an asset is being bought or sold, showed that buying pressure is dominant.

The metric climbed to 2.212, trending higher from recent lows. That level, still below 3.7, often signals room for upside before overvaluation risk sets in.

Similarly, the Bitcoin Spot Taker CVD (Cumulative Volume Delta) also supported the bullish outlook, placing BTC in a Taker Buy Dominant zone.

Institutions weren’t late to the party either

Adding to this strength, AMBCrypto found that Bitcoin Spot Exchange-Traded Fund (ETF) traders are also accumulating BTC.

In the past 24 hours, ETF traders moved $350 million into Bitcoin, raising their total net asset value to $97.27 billion.

This major inflow signals that traditional institutional investors are aligning with the broader sentiment observed in the spot and derivatives markets, further increasing the likelihood of a sustained Bitcoin rally.

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