Over $1 billion USDT was minted as Bitcoin investors prepared to buy the dip.

Bitcoin, the largest cryptocurrency in the world by market capitalization, is experiencing a price increase and preparing for a strong surge.

This optimistic prospect is further strengthened by Tether's recent issuance of 1 billion USDT as reported by Arkham, indicating increased demand from institutions or exchanges.

Source: ArkhamAccording to history, the issuance of USDT is often seen as a positive signal for the crypto industry, especially for major assets like Bitcoin and ETH.

Thanks to this new minting, the entire market is currently on an upward trend, with an additional 1.57% in market capitalization over the past 24 hours, and BTC is also breaking out of a bullish pattern.

Technical analysis of Bitcoin and upcoming price levels

According to technical analysis, BTC has shifted to an uptrend on a smaller time frame. Recently, with continuous upward momentum, BTC has broken out of the bullish "inverse head and shoulders" pattern on the hourly time frame.

Based on the recent price increase, if the BTC price closes the hour candle above $84,000, it is very likely to rise another 5.5%, heading towards the next resistance at $88,500 in the near future.

Source: TradingViewAt the time of writing, the price of BTC is facing resistance from the 200-day EMA on the daily timeframe and it seems to be breaking this resistance level. If this happens, BTC will experience an immediate price increase.

Is this the time to buy Bitcoin?

In addition to this price increase, the blockchain-based transaction tracking tool Lookonchain recently shared that Tether purchased 8,888 BTC worth 735 million dollars in Q1 2025.

This occurred during a period when BTC experienced a price drop of over 18%, indicating that the current price could be an ideal opportunity to buy in.

Tether is not the only major organization that bought BTC during the recent dip. Big companies like Strategy (MSTR), BlackRock, and others have also taken this opportunity to accumulate.

The massive buying by industry giants brings hope that the current price may be an ideal buying opportunity.

As of the time of writing, BTC is trading around $83,966, up more than 1% in the past 24 hours.

After Tether issued 1 billion USDT and BTC broke out of a bullish pattern, traders and investors showed strong interest in this asset, leading to a 45% spike in BTC trading volume during the same period.

Traders' Price Increase Bets

The increase in trading volume can be explained by the optimistic bets worth 1 billion dollars from traders. On-chain analysis company Coinglass reports that traders are over-leveraging at 81,800 dollars on the downside and 84,355 dollars on the upside, close to levels that could be liquidated.

Source: CoinglassThe data shows that traders built $989 million worth of long positions and $287 million worth of short positions at these excessive leverage levels in the last 24 hours.

Therefore, the bulls have returned and BTC may experience an impressive price increase.

Disclaimer: This article is for informational purposes only and is not investment advice. Investors should do their own research before making any decisions. We are not responsible for your investment decisions

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Dinh Dinh

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