After a new high on Wednesday, Bitcoin rose to $11,500 on Thursday, and it is hoped that it will have its highest collection price. As encrypted assets may enter a new phase of price discovery, market liquidity signals suggest that there may be more momentum for this wave upward trend.
Anonymized encryption analyst SunFlowerQuant pointed out that there had been an increase in the stable currency supply ratio (SSR) MCD indicator, which tracks the purchasing power available on the market. Recently, the SSR MCD has seen a sharper cross, that is, the MCD line has crossed its signal line. Historically, such cross-cutting often precedes new inflows and higher prices of bitcoin, suggesting that liquidity may re-enter the market.
Last month,MoneyAn impressive $31 billion in USDT and USDC reserves was recorded, a record high. This means that there is a large amount of idle capital, which, once conditions are met, may flow into Bitcoin and other quail currencies. Against this background, the SSR MCD intersection signal suggests that this large reserve pool may soon be used.
At the same time, the mood of retail traders has stabilized, while the trade volume of currency is dominant. CryptoQuant data show that the retail inflows to the exchange (sum of 30 days) have fallen below $12 billion, a level not seen since April 2025. Smaller BTC deposits come from retail traders, which means less pressure on smaller holders to sell and eliminate a key source of short-term volatility. The decline in retail flows is a direct indication of the recent surge in Bitcoin to $112,000, suggesting that large players may be driving price movements.
In support of this theory, the analyst Amr Taha explained that, before the breakthrough, the market share of currency spotting had jumped to over 49 per cent. This highlights the strong liquidity and institutional infrastructure that may have attracted a large number of buyers in the past few weeks.