우민규 Woominkyu
Stablecoins Inflowing Into Spot Exchanges
Mean of all stablecoins inflowing to spot exchanges has reached to new all time high. In general, this is a good sign on BTC price for a long term. However, It might bring a negative effect on BTC price for a short term by causing price volatility. I don’t think that BTC will go lower than previous bottom which is 17.5K but placing either long position or short position on BTC at this moment should be risky.