This is our biggest problem right now. One of the main reasons Bitcoin is struggling to recover is the lack of new liquidation flowing in. 💡 When discussing liquidation in the crypto market, we are primarily referring to stablecoins. The chart shows the inflow of ERC-20 stablecoins (7-day Medium ) into exchanges. Tracking these flows helps determine whether new liquidation is about to enter the market or is still absent. Since August, the inflow of stablecoins into exchanges has gradually decreased from $158 billion to approximately $76 billion currently, equivalent to a 50% reduction in new liquidation . The 90-day Medium has also decreased, from a stablecoin inflow of $130 billion to $118 billion. This suggests that Bitcoin is facing a decline in demand, which is not strong enough to absorb the selling pressure weighing on the market. For Bitcoin to restart a genuine uptrend, the key lies in new liquidation flowing into the market. Darkfost
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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