Stablecoin surge signals 'pivotal moment' as BTC eyes $124K
On Nov. 12, 2025, analysts noted that increasing stablecoin supply on-chain resembles liquidity build-ups that preceded previous Bitcoin rallies, leading some models to project a $124,000 BTC target if that capital converts to buying pressure. The pattern is significant because stablecoins are a direct proxy for dry powder in crypto rails and have historically correlated with strong upward moves when deployed into spot and derivatives markets.
That said, liquidity signals are necessary but not sufficient: macro conditions, regulatory developments and derivatives positioning can accelerate or mute any rally. Traders and investors should monitor exchange inflows, DEX activity and funding rates for confirmation, and maintain risk controls since timing and magnitude remain uncertain. The signal raises optimism but requires watching market execution to become a sustained price trend.