UPDATE STABLECOIN, BTC CASH FLOW IN THE WEEK AND NOTABLE NARRATIVES

1. BTC

Last week, ~ 1600 BTC were net deposited to exchanges. Netflow BTC ETF negative -262.8M$ shows the lack of optimism from this group of investors

2. Stablecoin

The amount of USDT ETH network on exchanges net deposited ~ 224M$. The amount of USDC net withdrawn ~ 294.6M$

The average spot volume of all exchanges is at 39.7B$ and is increasing gradually

➡️Although stablecoins are not heavily deposited, thanks to the cash flow shifting from BTC, there is not too much negativity

➡️The increase in spot volume shows the warming of the market because users have returned

!! so we can see that the number of BTC on the floors is still large, so the value may decrease this week and early next week. BTC may return to the top 55k

3. Notable narratives

L1: $SEI, $APT, $SUI, $SAGA,... #btc #TopCoins #Downtrend #holdtrading

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