Thursday, October 16, 2025

Is Bitcoin’s Rally Continuing? Key Metrics and Stablecoin Influx Suggest Yes

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Originally published on: November 15, 2024

Bitcoin’s price has dipped slightly over the past 24 hours, but the optimism surrounding a potential crypto-friendly Trump administration, increased stablecoin inflows into exchanges, and various onchain indicators all point towards the continuation of the bull market.

Recent data from market intelligence firm CryptoQuant reveals a significant influx of stablecoins into cryptocurrency exchanges, acting as fuel for the market. Historically, large-scale inflows of stablecoins into exchanges have preceded price rallies, hinting at a potential upward trend for Bitcoin.

Investors are eagerly anticipating Trump’s potential return to office and the impact it may have on the crypto market. The Coinbase Premium Index, which tracks the Bitcoin price difference between Coinbase and Binance, has reached its highest level since April, indicating strong demand in the US.

Furthermore, US-based spot Bitcoin ETFs have seen massive inflows post the presidential election, with BlackRock’s ETF leading the way. Despite a minor withdrawal on Nov. 14, BlackRock’s ETF continues to attract significant inflows, suggesting sustained demand.

Bitcoin’s current MVRV ratio and onchain realized price bands also indicate room for growth before reaching overbought territory, potentially leading to a continued rally. With the upper realized price band currently set at $104,000, Bitcoin may be on the verge of entering a new price discovery phase.

As the market awaits Trump’s possible return and braces for a new crypto era, traders are optimistic about Bitcoin’s upward trajectory. However, readers should conduct their own research before making any investment decisions as every move involves risk.

For more insightful articles like this, subscribe to the Markets Outlook newsletter to receive critical insights on investment opportunities and trading strategies every Monday. Subscribe today to stay informed!

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