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Crypto analytics firm Santiment says that the dwindling supply of stablecoins may be a sign that a massive Bitcoin breakout is on the horizon.
According to the market intelligence firm, the circulating supply of Tether (USDT) and USD Coin (USDC), the two biggest cryptocurrency stablecoins by market cap, has been dramatically decreasing since May 2022.
Santiment says that the volume of these two assets continues to decline even as the price of Bitcoin rises, which in the past has foreshadowed parabolic BTC rallies, specifically in July 2021 right before the king crypto went from the $29,000 level all the way to $69,000.
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Show Notes / News Resources:
✔ BTC Wholecoiners Up by 40K: https://bit.ly/3zrzuWZ
✔ Michael Saylor Steps Down As MSTR CEO: https://bit.ly/3d70e7X
✔ Bitcoin Flashes Rare Bottom Signal: https://bit.ly/3JzoHyQ
✔Massive Bitcoin Breakout Prediction: https://bit.ly/3OPQdck
🔴 DISCLAIMER: This is NOT financial advice. This is an entertainment and opinion-based show. I am not a financial adviser. I am not responsible for any investment decisions that you choose to make. Always do your own research and never invest what you cannot afford to lose.
#bitcoin #crypto #bitcoinnews #cryptocurrency #btc
👍🏼 LIKE & Comment below for chance to win $50 in FREE BTC!
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Whole coiner for life.
Thanks bro love the show
Michael Saylor, BTC strategy, just hodl.
Thanks JV for a informative packed show!!!
JV I will only say that in these difficult times globally and in "non-recessionary" times, this bear market will show who has balls AKA "cohones" ⚾⚾ to be real HODL.
Great show JV. Thanks for the info.
Let’s freakin go!
No Money G's favorite hot spot!
Best channel for up to date news!
You want some, come join us here for all the crypto news!!!!
1 love for JV
Let's do this!
It's comment time! For the algo
That’s right
Time to buy some bitcoin🥰
Will Smith’in that like button all day until BTC to 1 Million and beyond 🚀
Stack em Fam! Good job JV! 🚀
I love the grounded reality of this channel.. <TA is all good but I find it truly baffling that all major crypto youtubers just look at pure TA and completely ignore the bigger narrative of why BTC is fluctuating and why the future outlook is more encouraging as it seems. It's kinda irresponsible to ignore the fact that each ETF launch so far has caused a major dump at the peaks of BTC. We were already on shaky footing with historically low volume and almost pure whale pumps, narrowly avoiding a long-term bear market. This is the worst possible time in history to invest as so many don't back up their crypto assets. More emphasis should be put into day tradiing as it is less affected by the unpredictable nature of the market.I have made over 8.5btc 4rm day tradng with karik coleman insights and signals in less than few weeks, this is one of the best medium to backup your assets incase it goes bearish..