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BIT: Stablecoin market capitalization rebounds, signs of market liquidity warming emerge

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ME News Report, April 20 (UTC+8), BIT tweeted, "Since October last year, Bitcoin has been in a continuous correction phase, with weak capital flows being one of the more obvious reasons. During the same period, Tether's market capitalization hovered around $183 billion, with limited overall growth, and the market lacked significant new capital inflows, putting downward pressure on prices and maintaining a relatively cautious sentiment. Recently, this situation has shown signs of loosening. Tether's new circulating supply increased by about $3 billion, and the overall stablecoin market cap has rebounded, indicating a warming of market liquidity. Combining other capital flow indicators, the signals are leaning towards a positive direction, but it is still in the early stages. The marginal improvement in capital flows is worth noting, as such signals often precede price movements. If this trend continues over the next few weeks, it could provide some support for prices." (Source: Foresight News)
BTC-3.23%
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