Breaking news, folks! Stablecoin deposits on exchanges are soaring higher than 🚀, and we all know what that means…buying interest in cryptos is off the charts! But wait, where’s the buying momentum in the US? It’s like a 🎭 show without an audience.
Consolidation Circus Amid Market Turmoil 🎡
USDC issuance has gone wild like 🐒 in a banana factory, causing a massive inflow into exchanges. Meanwhile, USDT deposits are dropping faster than 🍎 in free fall. Coincidentally, USDC deposits peaked on Jan 20, the day of President Trump’s inauguration. Conspiracy theorists, start your engines!
CryptoQuant’s latest analysis suggests this could be an attempt to push pro-crypto policies in the US and strengthen USDC’s position. But Bitcoin‘s price took a dive below $100K after a Monday morning correction. The Coinbase Premium turned negative again, proving that US investors’ buying activity is MIA like 🕵️♀️.
With the potential price bubble in US AI tech stocks and China’s DeepSeek AI model, crypto investors are exercising caution like 🦁 stalking their prey. Bitcoin’s future? CryptoQuant predicts an extended consolidation phase before any signs of recovery. No quick rebound here, folks!
“So, let’s take a long-term perspective, shall we? I’m still optimistic about Bitcoin’s long-term outlook. Trust me, I’ve seen worse in my comedy career!”
Muted Optimism for Bitcoin Until March 🎶
QCP Capital’s update confirms the consolidation outlook, stating no near-term Bitcoin rally without a Strategic BTC Reserve. The Trump administration’s “national digital asset stockpile” evaluation couldn’t save the day. Options markets show limited optimism until the end of Q1, but Bitcoin will stay resilient and trade within its range, despite the 🌪️ in equities and geopolitics.
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2025-01-27 19:33