Bitcoin is facing the prospect of a “big bull move” as stablecoin buying power returns, on-chain data hints.now shows stablecoin supply metrics repeating historical bull market patterns.Bitcoin is in peak accumulation mode, according to CryptoQuant’s Stablecoins Ratio metric — and the results have always been positive for BTC price action.
This came at a time when markets had sold off significantly after the FTX meltdown, paving the way for a resurgence which took BTC price 70% higher in Q1 alone. Similar bullish inferences come from the Stablecoin Supply Ratio — the Bitcoin market cap divided by the market cap of all stablecoins.
cryptoquant_com Bitcoin is in peak accumulation mode, according to CryptoQuant’s stablecoins ratio metric, and the results have always been positive for BTC price action.
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