📈🤔 #BTC IntoTheBlock: Historically, there has been some correlation between stablecoin supply peaks and market cycle highs in the cryptocurrency market.
In April 2022, supply hit $187B—just as the bear market started. Now it’s at $219B and still rising, suggesting we’re likely still mid-cycle.#BTC
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📈🤔 #BTC IntoTheBlock: Historically, there has been some correlation between stablecoin supply peaks and market cycle highs in the cryptocurrency market.
In April 2022, supply hit $187B—just as the bear market started. Now it’s at $219B and still rising, suggesting we’re likely still mid-cycle.#BTC