Crypto Dan
Crypto market, positive upward momentum
It can be assumed that the amount of cash floating in the crypto market is increasing as the number of tradable stablecoins is increasing. Looking at the chart, you can see that the supply of stablecoins has recently turned to an increasing trend. These funds can act as buying pressure for Bitcoin and altcoins. Look at the 2020-2021 bull market, you can see that the supply of stablecoins has increased steeply. Currently, mid- to long-term buying pressure is gradually strengthening. We may see a strong bull market around the second half of 2024.