This week's cryptocurrency market is filled with pessimism, but there is one piece of data that no one mentions:
The supply of stablecoins has reached a historic high, surpassing $316 billion.
During the same period, BTC exchange balances have fallen to an 8-year low.
This indicates that a large amount of capital is waiting in the market, but no one is choosing to sell BTC.
Historically, every time this kind of 'gunpowder accumulation' structure occurs, it ultimately ends with a sharp price increase.
The question now is not 'should we buy', but 'what catalyst are we waiting for'.
It is coming!
#以太坊基金会拟出售ETH用于核心运营 #稳定币 $ETH
The supply of stablecoins has reached a historic high, surpassing $316 billion.
During the same period, BTC exchange balances have fallen to an 8-year low.
This indicates that a large amount of capital is waiting in the market, but no one is choosing to sell BTC.
Historically, every time this kind of 'gunpowder accumulation' structure occurs, it ultimately ends with a sharp price increase.
The question now is not 'should we buy', but 'what catalyst are we waiting for'.
It is coming!
#以太坊基金会拟出售ETH用于核心运营 #稳定币 $ETH