Over $9B in USDT, USDC Flood Crypto Exchanges Ahead of FOMC: BTC USD To $130,000?

by Alison Buckland


Ahead of the highly anticipated FOMC meeting later today, the total crypto market cap is up a decent 0.5% to over $4.1T. The Bitcoin price is steady above $116,000, and traders are generally upbeat, expecting BTC USD to explode above $118,000 and towards all-time highs set in mid-August.

While confidence is high, the pace at which the Bitcoin price will tick higher largely depends on macro factors. This time around, eyes are on Jerome Powell and the FOMC. Besides the rate cut decision, their comments on the economy and monetary policy in the coming months before the end of the year will have a huge bearing on capital inflows, not only to Bitcoin crypto but also to other best cryptos to buy.

As of September 17, the world’s most valuable crypto is up nearly +4% in the past week, per Coingecko. On Coinglass, BTC USDT trading activity is decent. Over $21M of leverage BTC USD shorts have been closed in the last day. At the same time, the funding rate is positive, meaning the general sentiment is bullish as longs are paying shorts to hold their positions.

BTC USD traders target $130,000 after today's FOMC rate announcement. Over $9Bn in USDT, USDC, and other stablecoins moved to exchanges

(Source: Coinglass)

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Over $9B in Stablecoins Flood Top Crypto Exchanges

Looking at on-chain data, it is likely that btc logoBTC ▲0.83%, top altcoins, and even some of the top Solana meme coins will edge higher, pushing funding rates more into the positive territory.

Latest on-chain data shows that over the last 36 hours before the FOMC meeting, approximately $9B in top stablecoins, including USDT and USDC, was moved to crypto exchanges.

Stablecoins play a key role in the crypto ecosystem, allowing traders to get exposure to top coins and acting as a safe refuge during times of turbulence. Whenever stablecoins are moved to crypto exchanges like Binance, Coinbase, and Bybit, it could suggest that holders are keen on buying, a net positive for holders.

On the flip side, when altcoins, including ETH or BNB, move to exchanges, it is bearish. If there are bulk inflows to exchanges, token prices may crash days later.

Over the last 1.5 days, there was a single $2Bn stablecoin transfer to Binance, the single largest movement in over a year.

One analyst on X said these inflows are a clear sign of buying intent and “fresh powder” that could ignite crypto fireworks.

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Will BTC USD Explode To Fresh New All-Time Highs Above $130,000?

Traders can only wait and see what the FOMC will decide on interest rates. Should they slash rates and project even more rate cuts by the end of the year, BTC USD could easily rally above $124,500 to reach fresh all-time highs.

bitcoin
Price
Market Cap
BTC
$2.32T
24h7d1y

On X, one analyst already notes that the Bitcoin price is trading at a +7% premium to its short-term cost basis, with traders targeting $130,000.

At this rate, BTC USD is up +7% from the average price short-term holders bought it at. Short-term holders are all addresses that bought BTC in the last 155 days. Presently, this cohort of Bitcoin holders is in the money.

Meanwhile, the Bitcoin Risk index, which assesses the market vulnerability, is +23%, which is low by historical standards. This reading shows that the market is calm, reducing the probability of unwanted sharp pullbacks or liquidations.

If history guides, BTC USD could soar by another +40%, placing the Bitcoin price above $150,000 by the end of the year.

DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in 2025

Over $9B in Stablecoins Moved To Exchanges, BTC USD To $130,000?

  • Bitcoin price firm ahead of FOMC meeting 
  • $9Bn in stablecoins moved to crypto exchanges 
  • FOMC likely to slash rates 
  • Will BTC USD surge to $130,000 in the coming weeks 

The post Over $9B in USDT, USDC Flood Crypto Exchanges Ahead of FOMC: BTC USD To $130,000? appeared first on 99Bitcoins.





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