CryptoQuant: Stablecoin reserves reach all-time highs, Bitcoin may be poised for a new surge.
CryptoQuant stated in a post that the Stablecoin Supply Ratio (SSR) has dropped to historical lows (13), indicating that there is a large amount of "dry powder" waiting to enter the market. At the same time, the Bitcoin reserves on Binance exchange have decreased while stablecoin reserves have increased. This liquidity pattern has only occurred a few times since 2020, and each time has signaled a strong rebound in Bitcoin prices. Analysts point out that the current market shows signs of seller weakness, with a risk/reward ratio that is very attractive. However, investors should also closely monitor key support levels, as breaking them could trigger a deeper correction.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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