Odaily星球日报讯 10x Research 创始人 Markus Thielen 指出，加密货币价格的回升受到稳定币强劲扩张的支撑，按 7 天平均计算，稳定币的铸造量达到 10 亿美元。 此外，LMAX Group 市场策略师 Joel Kruger 在本周一发布的分析报告中表示：“从技术上讲，在下一次大幅上涨之前，市场越来越像处于看涨盘整之中。这将意味着比特币侯江创下新高，而 ETH 也可能突破年度新高，并挑战 2021 年创下的历史新高。”（Coindesk）

Odaily星球日报讯 10x Research 创始人 Markus Thielen 指出，加密货币价格的回升受到稳定币强劲扩张的支撑，按 7 天平均计算，稳定币的铸造量达到 10 亿美元。此外，LMAX Group 市场策略师 Joel Kruger 在本周一发布的分析报告中表示：“从技术上讲，在下一次大幅上涨之前，市场越来越像处于看涨盘整之中。这将意味着比特币侯江创下新高，而 ETH 也可能突破年度新高，并挑战 2021 年创下的历史新高。”（Coindesk）

10x Research创始人：加密货币价格回升受到稳定币强劲扩张的支撑

Odaily reports that Markus Thielen, the founder of 10x Research, pointed out that the rebound in cryptocurrency prices is supported by the strong expansion of stablecoins, with the 7-day average minting volume reaching $100 million. Additionally, LMAX Group market strategist Joel Kruger stated in an analysis report released on Monday that "technically, the market is increasingly looking like it is in a bullish consolidation phase before the next major upswing. This would mean that Bitcoin could set new highs, while ETH could also break through its annual highs and challenge the historical highs set in 2021." (Coindesk)

Odaily Odaily News 10x Research founder Markus Thielen pointed out that the recovery in cryptocurrency prices was supported by the strong expansion of stablecoins, with the minting of stablecoins reaching $1 billion on a 7-day average. In addition, Joel Kruger, market strategist at LMAX Group, said in an analysis report released on Monday: &quot;Technically, the market looks more and more like a bullish consolidation before the next big rise. This will mean that Bitcoin will hit a new high, and ETH may also break through the annual high and challenge the all-time high set in 2021.&quot; (Coindesk)

10x Research founder: Cryptocurrency price recovery supported by strong expansion of stablecoins

Odaily reports that according to Matrixport's chart, the strong minting of stablecoins over the past 2-3 weeks has been a key driver for Bitcoin's rebound to $65,000. While there has also been capital inflow into Bitcoin spot ETFs, the minting of stablecoins, which serve as the primary fiat on-ramp for cryptocurrencies, appears to be the main driving force. This trend suggests that institutional investors may be the primary drivers of Bitcoin's rise. We have also emphasized multiple times in the past two weeks that this remains the most important factor, with its influence even exceeding that of macroeconomic and monetary policy.

Matrixport: Stablecoin minting drives Bitcoin up

Odaily Planet Daily Report: In its latest analysis, 10x Research stated: "Last week, we predicted that Bitcoin would break out of the symmetrical triangle pattern and rebound to $65,000. Our prediction has already generated a 9% return, and the price is approaching this target. We are in a dynamic, hit-and-run market environment, where rapid, strategic trading can generate significant returns. At this stage, as long as Bitcoin continues to trade within a broad range, accurately predicting macroeconomic events is crucial to seizing opportunities. We had previously expected the Federal Open Market Committee meeting minutes released on Wednesday to be dovish, and that Federal Reserve Chairman Powell would likely emphasize the weakness of the labor market. These two developments were expected to be interpreted as dovish, thereby driving a surge in Bitcoin. Our prediction was correct.

We also highlighted that Bitcoin's performance has been lagging compared to the Nasdaq index, which has remained flat. The market's attention is now turning to Nvidia's upcoming earnings and financial guidance, with the potential volatility in option pricing at +/- 8%, similar to the volatility observed after the previous earnings release. From a technical perspective, Bitcoin's rise last week was a textbook example, supported by macroeconomic developments and cross-market analysis."

10x Research: In the current hit-and-run market environment, accurate prediction of macroeconomic events is crucial

Odaily Planet Daily Report: Crypto KOL @arndxt_xo posted on the X platform, stating: "In my view, the total supply chart of stablecoins is currently the most important indicator in the crypto field, and it shows some promising signs. Since Bitcoin hit a new all-time high in March this year and then declined, I have noticed the following:
• USDT supply grew by 14%;
• USDC supply grew by 13%;
• Dai supply grew by 12%;
• PYUSD supply grew by 300% (mainly on the Solana chain).
However, not all stablecoin supplies are growing, and the total supply has only grown by 2%, mainly because:
• BUSD supply decreased by 17%;
• USDP supply decreased by 42% (possibly due to Binance changing its stablecoin strategy).
With the decline in government bond yields, I expect stablecoin supply to increase further, as investors may allocate more funds to higher-risk assets, including cryptocurrencies.
If this trend continues (or even accelerates), we may see the total supply of stablecoins firmly break its historical high in the coming months, which could boost Bitcoin and the broader crypto market."