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Stablecoin inflows to exchanges dip as traders watch Bitcoin from the sidelines
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 ... (full story)