📊 $BTC #CryptoQuant : Larger stablecoin balances on exchanges are positively correlated with higher Bitcoin prices.
Since January, #USDT (ERC20) balances have grown 146%, from $9.2B to $22.7B, despite Bitcoin’s price staying flat.
Since January, #USDT (ERC20) balances have grown 146%, from $9.2B to $22.7B, despite Bitcoin’s price staying flat.