1. 📈 Tether on the move: Since the market bottomed out on Aug. 5, Tether has minted over $1.3 billion in USDT, with significant transfers to major exchanges like Kraken, Coinbase, OKX, and Bullish.

2. 💵 Market dynamics: These large inflows of stablecoins to exchanges could hint at upcoming buying pressure, as USDT is a key fiat-to-crypto gateway.

3. 🚀 Bitcoin bounces back: Bitcoin has surged over 21% since Aug. 5, currently trading at $60,271 with a 5.2% increase in the last 24 hours.

4. 🎯 Key resistance: To maintain its upward momentum, Bitcoin needs to reclaim the $64,000 to $65,000 range, which is the realized price level for short-term whale holders.

5. 📊 ETF influence: Positive inflows into US Bitcoin ETFs, totaling $194 million on Aug. 8, could give Bitcoin an additional boost, driving further growth.

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