Why Bitcoin’s Rally Might Be Short-Lived (Spoiler: Stablecoins Are Not Helping)

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Bitcoin has decided to have a 12% growth spurt this week, and, of course, the crypto world is buzzing like a beehive on espresso. Analysts are getting all worked up about the possibility of Bitcoin hitting $100,000. But don’t go booking your yacht just yet, because one crypto analyst is urging a bit of caution. Apparently, there’s this little thing called the “stablecoin indicator” that’s not exactly throwing a party.

*Pump the brakes, folks.* The indicator that crypto enthusiasts love to rely on isn’t exactly in full swing. So, maybe let’s not start planning those crypto-inspired vacations just yet.

Stablecoin’s MIA Status: Not Exactly the Bitcoin Bullfriend You Need

Thielen went on to explain that, while the Bitcoin price might be ready to punch through $99,000, we’re not out of the woods. The lack of “strong stablecoin inflows” is raising a red flag. No, it’s not a conspiracy theory; it’s just that without stablecoins—those trusty little digital buddies—Bitcoin’s rally might be like a sugar high that doesn’t last.

At the time of writing, Bitcoin was lounging at $93,133, which is a solid 11.42% increase over the past seven days. Nice job, Bitcoin, but again, don’t quit your day job yet.

Thielen, in a moment of clarity, explained to CryptoMoon that stablecoin inflows are the good, stable money—think of them like the reliable friend who never flakes on dinner plans. Meanwhile, the increase in futures leverage? That’s like the guy who shows up only when there’s a chance to make a quick buck and then dips before the bill comes. So yeah, it’s hard to say whether this rally is built to last or just a flash-in-the-pan.

Spot Bitcoin ETFs: The Only Thing More Popular Than Cat Memes

Meanwhile, Bitcoin ETFs in the US saw a massive surge of $912.7 million in inflows on April 22—so many zeros, it might make your head spin. This is the highest since January 17, and it’s got analysts like Pav Hundal from Swyftx all fired up, saying, “This is a true, demand-led rally. Not just a bunch of over-caffeinated traders pushing the price around.”

“If the news headlines finally quieten, we could break new highs sooner than everyone thinks. A fast track to $100,000 looks plausible, but things change quickly in a Trump presidency.”

But, you know, don’t get too comfy. Thielen warned that if uncertainty continues to drop, we could see a more sustainable rally—sort of like that one friend who finally starts doing their laundry on a regular basis. That might help Bitcoin stick around a little longer.

And just in case you weren’t aware, the broader financial markets are, as usual, all over the place. Ever since the whole tariff drama started back in February, crypto’s been doing its own chaotic thing. But now, with President Trump (yes, him again) softening his stance on the trade war, some traders are getting the idea that this might actually be good for the market. Or maybe it’s just a coincidence. Who knows?

Thielen wrapped it up with this chilling tidbit: “The $95,000 price level is a key resistance level for Bitcoin and a potential trigger point for short-stop liquidations.” In layman’s terms: If Bitcoin hits $95,000, things might get *real* spicy. If that happens, Bitcoin could go higher—so, you know, try to act casual if you’re still holding onto your coins.

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2025-04-23 09:11