Get ready for some excitement, crypto fans! The USDT and USDC stablecoin supplies are breaking records, and market analysts are feeling bullish about an altcoin market rally! 🐂
Miles Deutscher, a crypto market analyst, suggests that stablecoins are like “dry powder” waiting for the right moment to jump back into the crypto market. And with growing stablecoin reserves, there’s potential for a digital asset party! 🎉
Ever since the deleveraging earlier this month, Tether (USDT) has seen the largest inflow to exchanges. Could this mean that the big players are getting ready for action? 🤔
Ki Young Ju, CEO of crypto analytics platform CryptoQuant, even announced the beginning of an “alt season”! According to Ju, Bitcoin is taking a backseat as stablecoin holders are favoring altcoins. In fact, altcoin trading volume is now 2.7 times higher than Bitcoin’s! 😱
So, buckle up, crypto enthusiasts! It looks like we’re in for a wild ride! 🎢
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2025-02-21 13:00