Suliyat🎭 pfp
Suliyat🎭
@hardeywumhi
Bitcoin's recent price surge has been accompanied by strong stablecoin inflows into exchanges. However, the 7-day moving average of stablecoin exchange inflows has been declining since December, which could be a concern for sustaining the rally: - _Stablecoin inflows_: Rising stablecoin inflows to exchanges since January 13 have correlated with Bitcoin's price uptrend. - _7DMA decline_: Despite short-term inflows, the 7-day moving average of stablecoin exchange inflows has been falling since December. - _Buying power_: Increased stablecoin inflows indicate more buying power in the market, which is bullish. - _Market correlation_: The inflows metric doesn't dictate the total crypto market movement, but a break in the downtrend is needed to sustain the rally.
2 replies
1 recast
1 reaction

Niyola🎩🎭 pfp
Niyola🎩🎭
@niyola
🍖x1406
1 reply
0 recast
0 reaction

3d1t pfp
3d1t
@3d1t
Tipped: 1406 Today's Allocation: 1951 Total Tipped Today: 1406 Remaining Allocation: 545 Balance: 2140 Ham Score: 1 Rank: 1067
0 reply
0 recast
0 reaction