Quant Analyst: Surging Stablecoin Supply To Drive Unprecedented Bitcoin Buy Pressure

As Bitcoin soars toward a new all-time high and has recaptured the interest of the world of finance, a sizable supply of liquidity is building on exchanges, not in BTC, but in stablecoins. RELATED READING | WHY THE RECORD $5,000 BITCOIN MONTHLY CLOSE COULD SOON BECOME THE NORM The data is yet another factor backing up the theory that Bitcoin has begun a new bull trend, and could reach some of the astronomical prices that experts predict.

In the past, sharp-eyed crypto analysts notice a correlation between new Tether minted and Bitcoin rallies. That relationship is all due to the liquidity that the stablecoin supplies, which eventually flows into the Bitcoin and crypto market cap.

Timeline of Bitcoin, Tether, Thenode