In the correction period of March 2024, it is stated that the supply of stablecoins has increased and that there is a ready environment for a rapid rise in the market. DanCoinInvestor from CryptoQuant analyzed the differences between the current market and the correction in March 2024. During the current correction process, he emphasized that the supply of stablecoins continues to increase, which means "potential buying pressure." During the correction period from March to October 2024, the supply of stablecoins was in a declining trend, which led to a longer correction process. However, in the current correction process, the supply of stablecoins is increasing, creating buying pressure. This means that the market is ready to move rapidly upward with a strong catalyst. The market is once again reminding investors that they need to be patient. It is stated that it is too early to say that the bullish cycle has ended and that the current situation is a process worth watching.
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#Weekend Market Analysis
In the correction period of March 2024, it is stated that the supply of stablecoins has increased and that there is a ready environment for a rapid rise in the market.
DanCoinInvestor from CryptoQuant analyzed the differences between the current market and the correction in March 2024. During the current correction process, he emphasized that the supply of stablecoins continues to increase, which means "potential buying pressure."
During the correction period from March to October 2024, the supply of stablecoins was in a declining trend, which led to a longer correction process. However, in the current correction process, the supply of stablecoins is increasing, creating buying pressure. This means that the market is ready to move rapidly upward with a strong catalyst.
The market is once again reminding investors that they need to be patient. It is stated that it is too early to say that the bullish cycle has ended and that the current situation is a process worth watching.