Crypto talking heads are indicating that the total supply of stablecoins has stopped decreasing and is now increasing, which is seen as a good omen for Bitcoin or other altcoins. The inflows are seen as a sign that dry powder is being built up ahead of a potential rally. However, this narrative is not without grain of salt, as there is not an even distribution of stablecoins and transaction volume must also be taken into account. #Stablecoins #Bitcoin #Crypto #Altcoins
You can read more about this topic here: Decrypt: Stablecoin Supply Has Bottomed Out—Is It Bullish for Crypto?