Bitcoin vs Stablecoin Inflow: Is There Still Room to Run? 📊🚀

🟢 On-Chain Indicator:

This chart tracks the gap between Bitcoin inflow and stablecoin inflow—a useful lens into market sentiment.

When Bitcoin inflow vastly outpaces stablecoins, it often reflects market euphoria or FOMO, typically signaling that retail investors have already piled in — and that a price correction may follow.

📉 But Right Now…

Even though Bitcoin has broken past its all-time high (ATH), this indicator isn’t signaling overbought conditions yet. That suggests demand hasn't overheated, and Bitcoin is not currently in the overvalued zone.

📌 TL;DR:

Bitcoin has hit new highs, but on-chain data shows we’re not in bubble territory yet. There's still room for growth before a major correction becomes likely.

Conclusion: Bitcoin may have broken ATH, but it's not overvalued — the door to more upside remains open. 🌱

#Bitcoin #CircleIPO #BTCFlows #MarketWatchMay2024

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