Bitcoin Market Show Signs of Recovery as Retail Demand Rises

Recent data from CryptoQuant reveals a significant surge in TRC-20 USDT reserves on Binance, with a $4.8 billion increase over a month. This coincides with the Bitcoin price approaching key support levels, suggesting potential demand for a reversal.

The adoption of TRC-20 USDT is often characteristic of retail participants, indicating stronger engagement during the correction. While elevated reserves only reflect inert demand, stability in market conditions could quickly turn this 'dry powder' into fuel for price increases.