Inspocrypto
BTC Market Update [Part 2.2]
Our stablecoin chart is indicating less stablecoins on exchanges (5) since 12–25–2021/12–29–2021 indicating more stablecoin withdraws on exchanges. Stablecoin supply (4)keeps rising since 12–30–2021 indicating more stablecoin demand. Last but not least our (3) 30d average whales ratio on hourly basis showing a falling trend indicating the sell pressure is reducing since 01–02–2022. We have almost $800m in stablecoins that leaved the exchanges since yesterday and almost $400m inflows to exchanges in the same period of time. That at least woud indicate different parties here being in action. Those selling their assets and withdrawing stablecoins afterwards and those pushing the price up again with stablecoins buying the assets.