Where Is Bitcoin Money Flowing? Pompliano Says the Rally Isn’t Done

• Bitcoin reached a price of $78,888 on September 9, 2026, after posting sustained gains over the preceding 30 days, according to data from the Decibel platform.
• Anthony Pompliano reported on September 8, 2026, that current buy orders are funded by direct stablecoin conversions rather than public equity sales.
• Stablecoin reserves across major centralized exchanges maintained elevated balances through the close of the first week of September 2026.

Investor Anthony Pompliano stated that the recent flow of Bitcoin money originates directly from the rotation of stablecoin reserves. The analyst added that this operational dynamic indicates the bullish momentum of the past month still has room to expand across the spot market.

Bitcoin had a great run over the last 30 days.

But investors are not selling their public stocks to buy bitcoin, rather they are converting stablecoins into bitcoin which suggests there is much more appreciation to come. pic.twitter.com/33CZFxcD1X

— Anthony Pompliano 🌪 (@APompliano) September 8, 2026

During Wednesday’s session, the pioneer cryptocurrency touched $78,888, according to market data. The move solidifies a cumulative recovery built over the preceding four weeks.

Pompliano noted that institutional and retail traders are not liquidating traditional equity portfolios to fund digital positions. Market analysis indicates that investors prefer mobilizing capital that was already parked in dollar-pegged assets within cryptocurrency exchanges.

This distinction regarding capital origin shifts the conventional interpretation of market cycles. Industry analysts point out that inflows of traditional capital typically signal broad risk-on sentiment, whereas rotations from stable assets reflect the reactivation of internal, previously sidelined liquidity.

Internal Capital Rotation Versus Equity Liquidations

The balance of stablecoins on centralized exchanges remained at historically high levels at the start of Q3 2026. Technical reports note that the availability of these instruments provides immediate liquidity that does not rely on traditional banking approvals or fiat clearing windows.

Pompliano argued that converting these instruments into the underlying asset marks the onset of an extended appreciation phase. In his public comments, he highlighted that keeping funds within crypto-native infrastructure reduces selling pressure on external financial markets.

This view aligns with recent assessments from other ecosystem fund managers. Investor Dan Morehead noted in early September 2026 that cryptocurrencies continue to establish themselves as hedges against sustained fiat currency debasement.

Morehead highlighted that ongoing global monetary expansion places persistent pressure on the purchasing power of fiat money. According to Pantera Capital’s perspective, this macroeconomic backdrop supports the steady allocation of corporate treasury reserves into mathematically capped assets.

The absence of rigid price targets in Pompliano’s remarks leaves the focus on liquidity mechanics. Market researchers suggest that the pace of order execution will ultimately depend on order book depth across major exchanges in the coming weeks.

Available stablecoin liquidity remains a critical metric for tracking buy-order behavior. Recent data from on-chain analytics platforms shows that high-volume transfers to cold storage wallets increased steadily between August and the opening days of September 2026.

The financial derivatives market faces an operational test on September 25, 2026, when quarterly Bitcoin options contracts worth billions of dollars expire across Deribit and CME Group. That settlement event will serve as the next verifiable benchmark to measure the durability of institutional buying volume.