Stablecoin inflows to exchanges dip as traders watch Bitcoin from the sidelines
Cointelegraph
Published Jun 21, 2021 06:20PM ET
Updated Jun 21, 2021 08:00PM ET
The growth of stablecoin's market cap and circulating supply has been one of the best indicators for attaining a general pulse on how participants in the market are feeling during bullish and bearish times.
Monitoring the Tether (USDT) treasury for large issuances was a common tactic used by analysts and traders to position themselves for a possible pump in the price of Bitcoin (BTC) and altcoins and previously this has been a good source of alpha for those willing to take a risk.
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Written By: Cointelegraph
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