Stablecoin supply has spiked to bear market levels, suggesting buyers could soon spark another leg up for the Bitcoin (BTC) and crypto markets, according to analysts.
Key takeaways:
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Bitcoin Stablecoin Supply Ratio at bear market lows signals BTC price bottom.
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Rising Binance stablecoin reserves and falling BTC supply indicate a buildup of buyer liquidity.
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Bitcoin’s falling wedge breakout targets previous all-time highs at $124,000.
Bitcoin liquidity signals “turning point”
Bitcoin’s…
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