Stablecoin

Flow

Shiba Inu

Spot

Stablecoin flows to crypto exchanges reached a record monthly high, signaling increased investor interest in the market. The surge may position Bitcoin to reach the $100,000 milestone before the end of November.
Stablecoin inflows to crypto exchanges hit a new monthly high of more than $9.7 billion.
This may signal an uptick in crypto investor demand, according to Leon Waidmann, head of research at The Onchain Foundation, who said in a Nov. 21 X post:
<blockquote>
 “Stablecoin inflows to exchanges hit $9.7B in 30 days! The LARGEST monthly inflow EVER. Stablecoin liquidity is back. Speculative demand continues to explode!”
</blockquote>
<figure>
 <img alt="Record $9.7B stablecoin inflows could drive Bitcoin to $100K" src="https://s3.cointelegraph.com/uploads/2024-11/01934dd0-a4e4-774d-a457-9edf9cd35a2d" title="">
 <figcaption style="text-align: center;">
 Stablecoin net inflows to exchanges. Source: Leon Waidmann
 </figcaption>
</figure>
The record monthly stablecoin inflows may put Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="null" target="null" text="null" title="null">BTC</a>) on track to <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-to-breach-100-k-in-nov-trump-mulls-crypto-friendly-cftc-chair-finance-redefined-nov-8-15" rel="null" target="null" text="null" title="null">$100,000 before the end of November</a>, historically the most bullish month for BTC returns.
Increasing stablecoin inflows to crypto exchanges can signal incoming buying pressure and growing investor appetite, as stablecoins are the main investor on-ramp from fiat to the crypto world.&nbsp;
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/micro-strategy-to-sell-2-6-b-in-notes-increasing-from-1-75-b-to-fund-bitcoin-purchases" rel="null" target="null" text="null" title="null">MicroStrategy increases note sales to $2.6B for Bitcoin purchases</a>
<h2 id="can-record-stablecoin-inflows-push-bitcoin-beyond-100-000">Can record stablecoin inflows push Bitcoin beyond $100,000?</h2>
Increasing stablecoin inflows can significantly impact the price of the world’s first cryptocurrency.
<a data-ct-non-breakable="null" href="https://cointelegraph.com/news/tether-usdt-mint-bitcoin-65k" rel="null" target="null" text="null" title="null">Tether minted $1.3 billion</a> worth of USDt (<a data-ct-non-breakable="null" href="https://cointelegraph.com/tether-price-index" rel="null" target="null" text="null" title="null">USDT</a>) from Aug. 5-9 as Bitcoin <a data-ct-non-breakable="null" href="https://www.tradingview.com/chart/3Z94myyP/?symbol=BITSTAMP%3ABTCUSD" rel="null" target="null" text="null" title="null">bottomed</a> at a five-month low of $49,500 before starting to recover. Bitcoin staged a 21% recovery to $60,200 by Aug. 9, bolstered by Tether.
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/shiba-inu-whale-holds-10-shib-supply-250-000x-2-5-b" rel="null" target="null" text="null" title="null">Shiba Inu whale holds 10% of SHIB supply, up 250,000x to $2.5B</a>
Some analysts expect <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-price-fast-track-100k-high-november-analysts" rel="null" target="null" text="null" title="null">Bitcoin to reach $100,000</a> before the end of the month, including Ryan Lee, chief analyst at Bitget Research, who told Cointelegraph:
<blockquote>
 “If history repeats itself and Bitcoin prices grow as projected, a 14.7% from the current price level will push the coin well above the $100,000 target for the month. The post-halving cycle trend is also very positive when projecting the future of Bitcoin.”
</blockquote>
<figure>
 <img alt="Record $9.7B stablecoin inflows could drive Bitcoin to $100K" src="https://s3.cointelegraph.com/uploads/2024-11/01934dd0-26e1-7d05-be9d-67fd86ea4532" title="">
 <figcaption style="text-align: center;">
 Bitcoin ETF Flow (USD, million) Source: Farside Investors
 </figcaption>
</figure>
Spot Bitcoin exchange-traded fund (ETF) inflows also continue supporting Bitcoin’s price appreciation. The US Bitcoin <a data-ct-non-breakable="null" href="https://cointelegraph.com/learn/articles/different-types-of-etfs" rel="null" target="null" text="null" title="null">ETFs amassed</a> over $773 million worth of cumulative net positive inflows on Nov. 20, marking the third green day in a row, Farside Investors <a data-ct-non-breakable="null" href="https://farside.co.uk/btc/" rel="null" target="null" text="null" title="null">data</a> shows.
The US spot Bitcoin ETFs recorded their sixth consecutive week of net positive inflows after <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/spot-bitcoin-etf-1-7-billion-weekly-inflow-6-week" rel="null" target="null" text="null" title="null">amassing over $1.67 billion</a> in the trading week of Nov. 11–15.
Magazine: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/bitcoin-dominance-crypto-predictions-bull-run-benjamin-cowen-hall-of-flame/" rel="null" target="null" text="null" title="null">Bitcoin dominance will fall in 2025: Benjamin Cowen, X Hall of Flame</a>

Record $9.7B stablecoin inflows could drive Bitcoin to $100K

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