Looking at the money entering the market through stablecoins, it is clear from the previous image that we do not have "new money" moving into the market.
In recent months, we have seen the market cap of stablecoins growing proportionally in the market. But this growth is still little if we compare it to the movement before the last bull run.
We still need to see "new money in the market". USDT has grown a lot in recent months. But we are far from the average of 185 Bi USD, in the MCap of stablecoins.
Right now, despite the most recent rallies, I still believe we are in a nice accumulation phase of the market. So study well the assets you want to invest for the long term. The bullish run will still take a while.
MCap of Stablecoins
Looking at the money entering the market through stablecoins, it is clear from the previous image that we do not have "new money" moving into the market.
No new money, no bull run!
Growth of Stablecoins
In recent months, we have seen the market cap of stablecoins growing proportionally in the market. But this growth is still little if we compare it to the movement before the last bull run.
USDT.D and low liquidity
We still need to see "new money in the market". USDT has grown a lot in recent months. But we are far from the average of 185 Bi USD, in the MCap of stablecoins.
No new money
Right now, despite the most recent rallies, I still believe we are in a nice accumulation phase of the market. So study well the assets you want to invest for the long term. The bullish run will still take a while.
i won't be too surprised if btc starts its rally soon