Analysis: Bitcoin is suppressed by short-term cost lines, and increased capital inflows suggest intensified long short games According to BlockBeats, on September 4th, on chain data analyst Murphy posted an article explaining the possibility of future games brought about by the growth of stablecoin balances within Binance. BTC encountered resistance after reaching a high of $112575 this morning, demonstrating the suppressive power of the short-term chip average cost line of $112700, while also verifying the rationality of analyzing the market from the perspective of short-term holder sentiment and holding mentality. The failure to break through the resistance level this time does not mean the end of the upward trend, there is still room for game play at present. Since BTC entered a correction on August 13th, Binance's mainstream stablecoin balance (USDT+USDC) has experienced a rapid and significant increase. From August 13th to September 3rd, there was a net increase of $4.9 billion, far exceeding the growth rate of stablecoin balances during the same period after BTC entered the correction zone in August 2024 ($3.4 billion) and March 2025 ($2.8 billion). The most significant inflows on a daily basis occur on the following days: 2025.814: Net growth of 1.83 billion US dollars; 2025.8.22: Net growth of $1.72 billion; 2025.826: Net growth of 760 million US dollars; 2025.828: Net growth of $680 million; After subtracting the capital increase brought by Binance's wealth management activities from the net growth mentioned above, there is still $3.6 billion. The overall sentiment for both spot and derivative products is bearish, but even if the market is weak, there are still funds entering the market waiting for opportunities or laying out in batches. The flow of funds is very similar to the relative bottom range in August 2024 and March 2025. Although it does not mean that a market reversal is about to begin, it at least indicates that there is still a possibility of a long short game. Sharing is only for learning and communication purposes and is not intended as investment advice.