Binance BTC/Stablecoin Ratio Nears Rare Bottom Signal

The Binance BTC/Stablecoin ratio has climbed to parity at 1, a threshold historically linked to market bottoms and followed by significant price rallies. Data from CryptoQuant shows this rare signal only appeared twice since the last bear market, most recently in March when BTC fell to $78,000 before surging toward $123,000. Meanwhile, Binance’s ERC-20 stablecoin reserves hit a record $37.8 billion, indicating deep liquidity and sidelined capital ready to deploy. Despite the potential buy indicator, analysts caution this could be a false signal amid an ongoing market “repair phase.” Bitcoin trades near $110,700, just above the short-term holder realized price of $107,600. Structural metrics remain bullish: the overall realized price sits at $52,800, long-term holder realized price at $35,600, and the NUPL ratio at 0.53, signaling a broad profit regime. On the technical front, Bitcoin’s 50-week SMA has historically marked cycle tops and bottoms. A weekly close below the 50-week moving average—likely if BTC dips to $90,000–$95,000—would constitute the first clear bear-market signal this cycle. Traders will watch whether key supports hold or trigger deeper correction.