[Over $9 billion stablecoins flowed into CEX in the past 30 days, matching the historical peak levels during the 2021 bull run] According to CryptoOnchain data, over $9 billion stablecoins flowed into CEX in the past 30 days, and this influx of funds is on par with the historical peak levels witnessed during the last bull run in 2021.
This is a huge amount of “backup funds” accumulated in the “over-the-counter” market, releasing a strong buy intention signal. Bitcoin and mainstream altcoins are accumulating significant bullish pressure.
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Over $9 billion in stablecoins flowed into CEX in the past 30 days, matching the historical peak levels of the 2021 bull run.
[Over $9 billion stablecoins flowed into CEX in the past 30 days, matching the historical peak levels during the 2021 bull run] According to CryptoOnchain data, over $9 billion stablecoins flowed into CEX in the past 30 days, and this influx of funds is on par with the historical peak levels witnessed during the last bull run in 2021. This is a huge amount of “backup funds” accumulated in the “over-the-counter” market, releasing a strong buy intention signal. Bitcoin and mainstream altcoins are accumulating significant bullish pressure.