Analysis: Bitcoin Encounters Short-Term Cost Line Resistance, Increased Inflow of Funds Suggests Intensified Long vs Short Battle
BlockBeats News, September 4th, on-chain data analyst Murphy elaborated on the possibility of a post-balanced game on Binance after the intensifying growth of stablecoin balances. BTC peaked at $112,575 this morning before facing resistance, showing the suppression of the short-term chip's average cost line at $112,700 and validating the rationality of analyzing the market from the perspectives of short-term holder sentiment and holding mentality. The failure to break through the resistance level this time does not mean the end of the uptrend; there is still room for game theory. It was observed that since BTC entered a pullback on August 13th, Binance's mainstream stablecoin balance (USDT+USDC) has experienced rapid and substantial growth.
From August 13th to September 3rd, there was a net increase of $4.9 billion, far exceeding the stablecoin balance growth during the same time period after BTC entered a pullback in August 2024 ($3.4 billion) and March 2025 ($2.8 billion). Calculated on a daily basis, the most significant inflows occurred on the following days:
August 14, 2025: Net increase of $1.83 billion;
August 22, 2025: Net increase of $1.72 billion;
August 26, 2025: Net increase of $760 million;
August 28, 2025: Net increase of $680 million;
After deducting the incremental funds brought in by Binance's financial activities, there is still $3.6 billion. Currently, the overall sentiment of spot and derivative markets leans towards bearishness. However, even in a weak market, there are still funds waiting to enter or gradually build positions. The flow of funds during the relative bottom range in August 2024 and March 2025 is very similar. Although it does not mean that the market reversal is about to start, it at least indicates the possibility of a long-short game. This sharing is for learning and communication purposes only and should not be considered as investment advice.
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