Stablecoin inflows to cryptocurrency exchanges have soared to an all-time high, signaling renewed interest in the crypto market.

With over $9.7 billion in stablecoin inflows recorded in the past 30 days, Bitcoin (BTC) could be closing in on the $100,000 mark before the end of November.

Record Stablecoin Inflows Signal Bullish Momentum

Stablecoins—often used as a bridge between fiat currencies and cryptocurrencies—are showing unprecedented inflows to various exchanges. Data from The Onchain Foundation shows that these inflows reached $9.7 billion in just 30 days — the largest monthly figure ever.

Historical reports reveal that such stablecoin inflows signal growing buying pressure and renewed investor confidence. Analysts believe this liquidity injection could drive Bitcoin prices higher, especially during November, which has traditionally been Bitcoin’s most bullish month.

Bitcoin is currently on the verge of breaking the $100,000 milestone, with a combination of stablecoin inflows and ETF activity boosting its price trajectory. Ryan Lee, chief analyst at Bitget Research, predicts that a 14.7% price increase from current levels would push Bitcoin past this critical threshold.

The impact of stablecoins on Bitcoin’s price is evident. For instance, in August, a $1.3 billion USDT minting by Tether corresponded with a 21% Bitcoin price surge within days. Similarly, the ongoing inflows from spot Bitcoin ETFs are adding further fuel to Bitcoin’s upward trajectory.

On Nov. 20, U.S.-based Bitcoin ETFs reported cumulative inflows of $773 million, marking their third consecutive day of gains. Over six weeks, these ETFs have attracted over $1.67 billion in net inflows, showcasing strong investor demand.