The key point is that the supply of all stablecoins is increasing and has reached an all-time high. Stablecoins are flowing to Binance and this correlates with the price increase. The price surge after crossing $50,000 in the Perp range is due to a sharp increase. The Taker BuySell ratio for stablecoins is at Binance. If you want to know more about the Taker BuySell ratio correlation, you can check this link. Anyway, this is going to be interesting guys! Be aware of this trend and don’t miss out on good opportunities
π Stablecoin Supply is Increasing; New Record Has Been Set! π
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August 26, 2024
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