In the last 24 hours, Bitcoin’s price rose by 3.34% to approximately 102,048 USD, bolstered by 500 million USD in stablecoin inflows into Binance.

Positive CPI data has created a bullish outlook among investors, with over 63,000 Bitcoins removed from Binance since mid-August to support ongoing accumulation.

Bitcoin’s strong demand and rising trading ratios indicate a continued upward momentum, potentially reaching 105,000 USD, but a short-term correction could see it drop to 98,900 USD.