Stablecoin inflows to exchanges dip as traders watch Bitcoin from the sidelines
From cointelegraph.com
The growth of stablecoin's market cap and circulating supply has been one of the best indicators for attaining a general pulse on how participants in the market are feeling during bullish and bearish times. Monitoring the Tether (USDT) treasury for large issuances was a common tactic used by analysts and traders to position themselves for a possible pump in the price of Bitcoin (BTC) and altcoins and previously this has been a good source of alpha for those willing to take a risk. {chart} A closer look at the data provided by CryptoQuant indicates that a seismic shift in the makeup of the stablecoin market may be ...
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