maartunn
Big inflow of stablecoins could move price up 📈
The last few days-to-weeks, Bitcoin has been in a choppy/bearish enviroment. Due the uncertainty on the Ukraine-war and FED raising interest rates, Bitcoin price moved sideways. However, the last few days there are almost 1 billion of USDC-Stablecoin flowed into central exchanges. It is highly likely that these stablecoins are being used to buy Bitcoin. The last few times when USDC Inflows we're around 1 billion, Bitcoin price rallied heavily. Will it be the same this time? 🤔