Led by USDT and USDC, the stablecoin market cap has reached $169 billion! 🚀 This increase precedes price movements in past cycles.

Historical data shows that the increase in stablecoin balances on exchanges is positively correlated with Bitcoin prices. USDT on exchanges has increased by 146% since January 2023! 📈

There is also an increase in large "whale" transactions on the Bitcoin network. This could lay the groundwork for a broader rally for BTC in the coming weeks.

Where do you think BTC is headed in the comments? 💬👇#DeFi#Web3 #Crypto