1. 📈 **Tether Activity**: Tether minted over $1.3 billion in USDT since the market bottom on Aug. 5, transferred to major CEXs like Kraken, Coinbase, OKX, and Bullish.
2. 💵 **Market Dynamics**: Large inflows of stablecoins like USDT to exchanges could signal upcoming buying pressure as they are the main fiat-to-crypto on-ramps.
3. 🚀 **Bitcoin Recovery**: Since Aug. 5, Bitcoin recovered over 21%, trading at $60,271 as of Aug. 9, with a 5.2% increase in the last 24 hours.
4. 🎯 **Key Resistance**: Bitcoin needs to reclaim the $64,000 to $65,000 range to avoid further downside, as this is the realized price level for short-term whale holders.
5. 📊 **ETF Influence**: Positive inflows in US Bitcoin ETFs, with a cumulative $194 million on Aug. 8, could further boost Bitcoin’s price, contributing significantly to its growth.
