So, apparently, there’s this thing called ‘stablecoin liquidity’. 🤔 And apparently, it has this magical power to predict Bitcoin‘s next adventure to the moon. 🌝 According to some very clever folks at CryptoQuant, the expanding pool of stablecoins like Tether (USDT) and USD Coin (USDC) is a sign that Bitcoin might just be gearing up for a wild ride. Excited? I can already feel my wallet’s enthusiasm!
Historically speaking, when the ocean of stablecoin liquidity starts growing, it’s party time in the crypto market. 🥳 Since The Donald clinched the U.S. presidential election, conditions have been positively sparkling; dollar-packed stablecoins have surged past $204 billion, with a nice chunk of that coming in recently. That’s $37 billion more since Trump’s big win. 🤑 Who knew politics could be so profitable?
USDT, everyone’s favorite stablecoin, has a cool market cap of $139.4 billion right now, having bulked up by $19 billion. 🏋️♂️ Not to be outdone, USDC has seen a growth spurt of its own, ballooning 48% to stand at $53.3 billion. 💪 Could this be the workout magic that’s pumping up crypto excitement?
CryptoQuant’s clever analytics have also noted a positive nudge for USDT’s liquidity impulse—the 30-day change in market cap that was sulking at minus 2% is now back up. 🆙 Meanwhile, USDC’s impulse is doing cartwheels with a stunning 20% rise after a year-long calm. 🎢 Hold onto your hats, folks!
“Historically, whenever the liquidity impulse is growing a rally in crypto prices follows…A further acceleration typically drives crypto prices higher,” they forecasted, adding a dash of mystique to our digital gold rush dreams. ✨
And while we’re all gawking at these numbers, centralized exchanges are hoarding USDT like it’s the latest Black Friday deal. The total deposits on exchanges have skyrocketed from $30.5 billion to $43 billion in a heartbeat. That’s a 41% increase, in case your calculator isn’t handy. 🧮
“The total value of stablecoins is an important source of liquidity for trading on exchanges, and its expansion is generally associated with higher crypto prices,” CryptoQuant added. Have they cracked the code to Bitcoin’s next twist and twirl? 🕺💃
Read More
- INJ PREDICTION. INJ cryptocurrency
- SPELL PREDICTION. SPELL cryptocurrency
- How To Travel Between Maps In Kingdom Come: Deliverance 2
- LDO PREDICTION. LDO cryptocurrency
- The Hilarious Truth Behind FIFA’s ‘Fake’ Pack Luck: Zwe’s Epic Journey
- How to Craft Reforged Radzig Kobyla’s Sword in Kingdom Come: Deliverance 2
- How to find the Medicine Book and cure Thomas in Kingdom Come: Deliverance 2
- Destiny 2: Countdown to Episode Heresy’s End & Community Reactions
- Deep Rock Galactic: Painful Missions That Will Test Your Skills
- When will Sonic the Hedgehog 3 be on Paramount Plus?
2025-02-01 14:35