Woke up this morning, fired up the monitors, and saw the number: $10.5 trillion. That’s the stablecoin transfer volume for January, the highest we’ve seen since April 2022. My first thought? That’s a whole lot of dry powder sitting on the sidelines. And it looks like it’s finally decided to get in the game. Forget the noise, forget the headlines for a second. This is pure volume analysis trading on a market-wide scale, and it’s telling a story.

Let's break it down. Of that massive number, Circle's USDC accounted for a staggering $8.3 trillion, while Tether's USDT was $1.7 trillion. This tells me institutional money and larger players are moving size, as they tend to prefer the regulatory clarity of USDC. This isn't retail FOMO; it's big money positioning itself. For weeks, I've been watching the charts consolidate, waiting for a volume spike to confirm a direction. Well, here it is. This is the kind of underlying flow that precedes major market moves.

And what happens when that much cash floods the system? Bitcoin rips. The push past $68,000 this morning wasn't a coincidence. That range we were stuck in for days finally broke with conviction. I've been tracking this since my last trade journal entry where I noted the volume divergence on the 4H chart. Price was making lower highs, but the buy volume on the dips was getting stronger. It was a textbook setup. While Alex Volkov might be looking at the macro reasons, for me, the price action screamed accumulation.

This isn't just a BTC story. That kind of liquidity always finds its way down into altcoins. Look at ETH blasting through $2,000 like it was nothing and SOL pushing towards $90. This is where a solid understanding of support and resistance trading becomes your best friend. Profits from Bitcoin will rotate into large-cap alts, then mid-caps. It's the same cycle, every time. I bet if you check the on-chain data Marcus Cole watches, you'll see smart money flows confirming this exact rotation. You don't need to overcomplicate it; just follow the money.

• Bitcoin (BTC): Watching for a retest of the breakout area around $67,200. If that level holds as support on the 4H, I'm looking for a long entry targeting $70,000.
• Ethereum (ETH): The key level is the former resistance at $2,050. A dip to that zone that gets bought up quickly is my signal to get in.
• Risk Level: A daily close back inside the old range, below $66,500 for BTC, would invalidate the immediate bullish thesis for me. That's my line in the sand.

My biggest concern right now is a classic fakeout. We've seen these massive volume spikes lead to brutal reversals before. I got chopped up badly back in 2021 by a similar move, and I'm trying not to let that past loss cloud my judgment—a constant battle. So, is this the real deal that sends us to new all-time highs, or is it the market's biggest bull trap yet?