Bitcoin is showing signs of entering an accumulation phase as stablecoin liquidity grows, suggesting potential undervaluation and a possible price rise. Nexo's Spot Volume Bubble Map indicates calmer trading conditions, with experienced buyers quietly re-entering the market. This trend follows months of price corrections and stabilization, hinting at a possible bullish momentum as weaker hands exit. Stablecoins are playing a crucial role in this dynamic, with their expanding market cap indicating available liquidity for Bitcoin. The Stablecoin Supply Ratio (SSR) has sharply declined, suggesting Bitcoin may be undervalued relative to stablecoin reserves. However, global risks and macro uncertainties, such as geopolitical tensions, still require cautious monitoring as they could impact recovery potential.