The last report of the weekly cryptocurrency quarter report shows that Stablecoin liquidity has reached a new level of $ 220 billion.
This increase is due to expanding market shares (USDT) and USD coin (USDC), which have encouraged capital inflow to the wider cryptocurrency.
BTC Bullish indicator
According to April 30 reportThe USD's market ceiling rose by $ 2.5 billion, while USDC rose by $ 1.2 billion in the last week. In combination, the ceiling of the market rose with an increase of 3.7 billion dollars, marking the strongest growth of a stable offer from 9 February.
In the last 30 days, these figures have risen even higher. USDT has added $ 5.3 billion, while USDC grew by $ 6 billion in the same period. Both stable expands above their 30-day moving average.
Historically, this pattern has coincided with increased liquidity and periods of stronger performance in the wider cryptocurrency market. Specifically, this trend is an indicator of Bitcoin (BTC) bullish.
Their liquidity changes have also improved market. The Bitcoin Pull Score Index, which monitors investors' feelings and market strength, rose from 20 last week to 50 this week, with the new result placed in the neutral territory of the market.
According to the analytical company, the increase in the metric shows the impact of stable liquidity on the recent step of bitcoin, which exceeds the level of main resistance of the circuit. However, the index is below 60 years of age, usually related to permanent price kicks.
The flagship cryptocurrency has recovered heavily over the last three weeks, rising more than 25% from its lowest lowest lowest lowland to less than $ 74,000 at the lowest lowest in April 9th.
On the other hand, Bitcoin's lawyer Robert Breedlove recently pointed to the miner's average production cost as a potential sign that the property is reaching the beginning of the bull. He noted that this metric, often considered to be the market for the market, is historically marked cyclic and shows a possible price floor.
USDT Leave, USDC hits Exchange High
Despite a record level, USDT liquidity has not completely recovered from cryptocurrency. The total amount of digital assets kept on shift is currently $ 38 billion. This is 12% lower than its highest $ 43 billion on February 21.
On the other hand, the USDC shift balances have reached $ 6.5 billion, which is their best level since March 2023. Exchange -based stable stocks are important as they can be quickly used for trading and investment, helping to support the price of digital assets.
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