Забележите прилив стабилних цоинс флоод спот размена; Да ли је биткоин скуп неминован?

Record inflow of stablecoins flood spot exchanges; Is a Bitcoin rally imminent?

The value of Bitcoin (BTC) is facing Медведев pressure, with the asset staring at a possible breach below the crucial $20,000 level in the wake of the latest Federal Reserve interest rate hike. 

Amid the depressed prices, investors are monitoring крипто-related events likely to trigger a possible rally, with transactions relating to стаблецоинс being cast into the limelight. In particular, the amount of stablecoin inflowing into spot exchange has hit a new all-time high as of November 2, according to подаци by ЦриптоКуант

Stablecoin spot exchange inflow chart. Source: CryptoQuant

Implication of increased stablecoin inflow into exchanges 

Although Bitcoin has failed to break past the $21,000 level, the activities within stablecoins can be a good sign for the asset’s price in the long term. Notably, with Bitcoin trading around the $20,000 zone, focus on a possible price bottom that can spur interest from institutions and retail инвеститори

Historically, when stablecoins are sent to exchanges in significant quantities, it can indicate that institutions are planning to buy. In this case, китови are potentially positioned to jump in once the value signals a bottom. 

On the flip side, despite the positive outlook, the inflow of stablecoins can trigger short-term price volatility. 

In recent weeks, Bitcoin has continued to record low volatility, surpassing some of the traditional finance products. However, a spike in кит activity can result in volatility, triggering a possible short-term rally. 

Анализа цена Битцоина

With the Fed’s 75 basis point interest rate hike, Bitcoin has led the crypto market to correct in tandem with the дионице. By press time, the asset was trading at $20,300, dropping almost 1% in the last 24 hours. 

At the same time, Bitcoin appeared susceptible to slipping back into the $19,000 to $20,000 range. In the meantime, the flagship cryptocurrency has a market capitalization of $390 billion after peaking at $397 billion in the last 24 hours. 

Besides the onchain stablecoin activity, investors will focus on the upcoming October U.S. jobs report since it will give a potential outlook for the state of the economy likely to guide the Fed’s next tightening move. 

odricanje: Садржај на овом сајту не треба сматрати саветом за инвестирање. Улагање је шпекулативно. Када инвестирате, ваш капитал је у опасности. 

 

Source: https://finbold.com/record-inflow-of-stablecoins-flood-spot-exchanges-is-a-bitcoin-rally-imminent/