Stablecoins reserve on exchanges still double where it was at $65k ATH for BTC

Stablecoins-reserve-on-exchanges-still-double-where-it-was-at-65k-ATH-for-BTC

~$19B stablecoins reserve on exchanges atm, about double where it was at $65K ATH for Bitcoin ($10B stablecoins reserve on exchanges).

Lots of dry powder left (in stablecoins) that can be used to push Bitcoin for the next leg up, perhaps to $55k or higher.

Stablecoins are the game changer for this cycle, as traders can now conveniently sell their crypto into stablecoins anytime, which can be easily used to re-deploy into the market. I think future bearmarket will be shortened because of this.