Looking at the Exchange Stablecoins Ratio, which indicates the ratio of the supply of stablecoins available on exchanges to the market value of Bitcoin, we find that there is a significant decrease in the supply of stablecoins on exchanges. This indicates that stablecoins are used to buy Bitcoin. The continued decline of the indicator with the rise in the price of Bitcoin indicates that the market is in a state of pumping liquidity, but one must be careful of sudden repercussions such as profit-taking or a change in traders’ policy, as Bitcoin is now considered to be in very high price areas and the opportunity for profit-taking operations increases, especially if the price continues to rise further.
Written by Arab Chain
