Bitcoin (BTC) keeps on trading in a consolidation phase as on-chain data shows stablecoin liquidity remaining active across the cryptocurrency industry. Recent criteria tracking of stablecoin net position changes indicates that capital has not withdrawn from the ecosystem in a significant way. This strengthens the view that BTC is still structuring a price base rather than entering a maintained downtrend.

Also Read: Bitcoin (BTC) Trapped in $85K–$94K Range as Macro Pressure Limits Breakout

Stablecoin Net Position Change Signals Ongoing Liquidity

According to CoinMarketCap, at press time, the coin is trading at $91,738.87 with a 1.06% increase in rate. The market cap of the asset has exceeded $1.83 trillion, and the coin’s volume is around $40.72 billion.

Stablecoin net position differs measures the difference between stablecoin inflows and outflows on all the exchanges and wallets. Positive values indicate net inflows, while negative readings reflect capital moving out of the cryptocurrency industry. Recent data indicate repeated positive spikes in stablecoin net position change. This shows that liquidity continues to circulate instead of drying up.

These inflows underscore that the traders are holding stablecoins on-chain and on exchanges. This condition is mostly related to readiness to deploy capital. The figures do not mean a prolonged period of maintained outflows, which would typically signal a larger risk-off traitor.

Technical Indicators and Community Sentiments of Bitcoin

BTC’s price chart reveals the upward momentum, and it could climb toward the resistance (yellow) at around $91,800.9. Assuming the bullish pressure strengthens, it sends the coin’s price up to test the $92,000 range.

If a reversal occurs, the bears might push down the Bitcoin price to the support (blue) at $90,223.13. In case the downside correction gains more traction, the death cross could form, and likely drive the asset’s price to a low of $88,000 or even lower. The moving average convergence divergence (MACD) indicator shows the coin experiencing a bullish momentum since the MACD line (blue) is above the signal line (orange).

The Relative Strength Index (RSI) is currently at 51.90, indicating a neutral position, neither excessively high nor excessively low. The pivot points have established the support levels at $90,494, $90,028, and $ 89,682. The resistance levels of the token are at $91,306, $91,653, and $92,119.

Also Read: Bitcoin Cash (BCH) Breaks $649 Resistance as Volume Jumps 231% to $647M