Day 21/100 — Learning on-chain analysis from zero. 🙌
Today: stablecoins. The fuel buyers can use.
Sellers bring coins to the market. Buyers bring money. On-chain, that money is often USDT or USDC.
When stablecoins flow into an exchange, more funds are available to trade. But that doesn’t mean a buy is coming. The money could simply sit there.
When stablecoins flow out of an exchange, funds are leaving the platform. They might be moving to a private wallet, another exchange, or somewhere else entirely.
A recent read 👀
Whale stablecoin inflows to Binance reportedly rose around 40% over 30 days — from roughly $21.7B to $30.5B.
That’s more stablecoin value flowing in. Interesting? Yes. Proof that whales are about to buy Bitcoin? No.
Fuel arriving is not the same as a trade being made. Learn to separate available buying power from actual buying activity.
Your homework:
Open Arkham and search for USDT or USDC. Find one transfer involving an exchange and share a screenshot.
Comment: FUEL ARRIVING or FUEL LEAVING.
Tomorrow, we’ll look at what happens when the fuel moves out. 👀
79 days left. New here? Start today. You can catch up. 🙌
Today: stablecoins. The fuel buyers can use.
Sellers bring coins to the market. Buyers bring money. On-chain, that money is often USDT or USDC.
When stablecoins flow into an exchange, more funds are available to trade. But that doesn’t mean a buy is coming. The money could simply sit there.
When stablecoins flow out of an exchange, funds are leaving the platform. They might be moving to a private wallet, another exchange, or somewhere else entirely.
A recent read 👀
Whale stablecoin inflows to Binance reportedly rose around 40% over 30 days — from roughly $21.7B to $30.5B.
That’s more stablecoin value flowing in. Interesting? Yes. Proof that whales are about to buy Bitcoin? No.
Fuel arriving is not the same as a trade being made. Learn to separate available buying power from actual buying activity.
Your homework:
Open Arkham and search for USDT or USDC. Find one transfer involving an exchange and share a screenshot.
Comment: FUEL ARRIVING or FUEL LEAVING.
Tomorrow, we’ll look at what happens when the fuel moves out. 👀
79 days left. New here? Start today. You can catch up. 🙌
