Stablecoin reached its highest peak in cycles. 314 billion There are still 303 billion remaining which may be allocated across chains. The total supply of stablecoins participating in the market (usdt, usde, usdc......) This increase means that money is flowing into staking... which benefits altcoins by pushing their prices up. It has decreased by 3.5% approximately 10.5 billion. This means there are about 10 billion stablecoins not participating in the market. It could be that it has been converted to fiat or is sitting in wallets.
If this statistic continues to decline for several weeks from 15%-20%, then a bear market may begin. If it drops below 250B, it means that people are not participating in the market and may be converting to fiat or fleeing to usdt, usdc for shelter. Currently, the peak is 314 billion with a slight drop of 10 billion. If it continues to hold steady at 260B-300B, then it can still swing. If it goes above 315-318, it may pump.
This is like a bank, guys. Many people deposit money and the bank thrives. But if they continuously withdraw money, the bank becomes poor. (money supply M2)
Currently, ETH and TRON are maintaining their storage amounts. It can be said that TRON is carrying the team. TRON, according to statistics, is held by many in Asia. ==> Asia holds a lot of altcoins.
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