On-chain data indicates significant whale activity, with notable entities flipping from short to long positions on Bitcoin. Earlier reports highlighted activity on Hyperliquid where specific whales closed short positions to open substantial long bets, joining other large holders in positioning for price upside. The total supply of stablecoins has now reached an all-time high, surpassing $160 billion. Analysts suggest this influx of stablecoins could serve as a leading indicator for further Bitcoin price appreciation due to increased market liquidity waiting on the sidelines. Concurrently, whales holding more than 10,000 BTC have resumed accumulation strategies, supporting Bitcoin's recovery to the $90,000 level. Market sentiment is further influenced by macroeconomic expectations. Prediction market Polymarket currently shows an all-time high probability of 86% for three Federal Reserve rate cuts in 2025, adding a macro tailwind to the crypto market narrative. [Update 1] New data confirms the stablecoin supply has surpassed the $160 billion mark, and whale cohorts holding >10k BTC are actively buying as Bitcoin reclaims $90k. Additionally, Polymarket odds for 2025 rate cuts have reached a record high.