1- Macro to Crypto 2 - Stablecoins <- 3- Bitcoin and Ethereum 4- Derivatives and ETFs 💵💰 Stablecoins (USDT+USDC+DAI)
📊 One chart that draws attention is the issuance of Stablecoins, especially the top three, which hold approximately $590 billion, a value that would need to rise by an incredible 80% to reach its last historical peak and approximately 57% to reach its peak priced in Bitcoins.
📈 And what does this mean? This analysis brings the notion that ETFs have indeed had positive effects and that there is still a lot of capital to enter the crypto market compared to the 2021 cycle, meaning we are still without the full impact of 2021 discounted the inflow of ETFs!
🎯 Technically, the targets for higher capitalization are at $865 billion and $1 trillion, while support is found at the local point at $576 billion and subsequently at $493 billion with a 16% correction.
📊 BTC-Priced Chart Show Less
