Odaily星球日报讯 CryptoQuant 研究主管 Julio Moreno 表示，过去几个月稳定币市值的上升可能有助于比特币和其他主要加密货币的潜在上升趋势。稳定币不断增长的市值是推动加密货币价格上涨的关键因素，因为它们为加密市场提供了流动性。 数据显示，在过去两个月里，稳定币净流入 CEX。Moreno 说：“交易所的稳定币已经增长，到 2024 年为止，CEX 的 USDT 储备也达到了 225 亿美元的历史新高。” 莫雷诺指出，今年稳定币市值已达到历史新高，“稳定币的总市值与比特币价格上涨正相关”。（The Block）

Odaily星球日报讯 CryptoQuant 研究主管 Julio Moreno 表示，过去几个月稳定币市值的上升可能有助于比特币和其他主要加密货币的潜在上升趋势。稳定币不断增长的市值是推动加密货币价格上涨的关键因素，因为它们为加密市场提供了流动性。数据显示，在过去两个月里，稳定币净流入 CEX。Moreno 说：“交易所的稳定币已经增长，到 2024 年为止，CEX 的 USDT 储备也达到了 225 亿美元的历史新高。”莫雷诺指出，今年稳定币市值已达到历史新高，“稳定币的总市值与比特币价格上涨正相关”。（The Block）

CryptoQuant：CEX USDT储备达历史新高，为加密市场提供了流动性

According to Odaily, Julio Moreno, the research director at CryptoQuant, stated that the recent increase in the market capitalization of stablecoins may contribute to the potential upward trend of Bitcoin and other major cryptocurrencies. The continuous growth in the market capitalization of stablecoins is a key factor driving the rise in cryptocurrency prices, as they provide liquidity to the crypto market. Data shows that there has been a net inflow of stablecoins into CEX over the past two months. Moreno said, "The stablecoin reserves on exchanges have grown, and the USDT reserves on CEX have reached a historic high of $22.5 billion by 2024." Moreno pointed out that the total market capitalization of stablecoins has reached a new high this year, and "the total market capitalization of stablecoins is positively correlated with the rise in Bitcoin prices." (The Block)

Odaily Odaily News: Julio Moreno, head of research at CryptoQuant, said that the rise in the market value of stablecoins in the past few months may contribute to the potential upward trend of Bitcoin and other major cryptocurrencies. The growing market value of stablecoins is a key factor in driving up cryptocurrency prices because they provide liquidity to the crypto market. Data shows that in the past two months, stablecoins have had a net inflow into CEX. Moreno said: &quot;Stablecoins on exchanges have grown, and CEX&#39;s USDT reserves have also reached an all-time high of $22.5 billion so far in 2024.&quot; Moreno pointed out that the market value of stablecoins has reached an all-time high this year, and &quot;the total market value of stablecoins is positively correlated with rising Bitcoin prices.&quot; (The Block)

CryptoQuant: CEX USDT reserves reach a record high, providing liquidity for the crypto market

Odaily reports that CryptoQuant.com recently released a market outlook analysis, stating that BTC has risen over 23% in the past three weeks, from $52,500 to over $65,000. A part of this strong momentum is due to the increased demand for BTC spot ETFs. As a result, short-term holders are now back in profit. Short-term holders are investors who have transferred BTC within the past 155 days, with an average purchase price of $63,000, and are expected to provide support.

Additionally, the futures market shows signs of overheating, with open interest contracts amounting to approximately $19.1 billion. This metric has exceeded $18 billion six times since March 2024, and each time it has been followed by a price decline. The current situation is the seventh occurrence.

Meanwhile, the holdings of BTC spot ETFs are being converted into long-term holder supply. While this appears bullish, such a transition typically occurs towards the later stages of a bull market.

CryptoQuant: The average purchase price of BTC short-term holders is $63,000, which is expected to become the current support level

Odaily reported that according to CryptoQuant's official statement on the X platform, the data shows that the Exchange Flow Multiple indicator reached a low value before the market's uptrend in June 2023. Currently, this indicator is still at a low level, which may indicate that the market is preparing for the next upward trend. The Exchange Flow Multiple indicator reflects the ratio between the short-term (30 days) and long-term (365 days) BTC inflows and outflows on trading platforms. When the Exchange Flow Multiple declines, it means that the short-term inflows and outflows on the trading platforms are significantly lower than the long-term inflows and outflows.

CryptoQuant: The market may be preparing for the next uptrend

Is the rise in the stock market a blessing for Bitcoin?