🚀🎉 Bitcoin enthusiasts, buckle up! We've got some exciting news! 🎉🚀

Stablecoins, particularly USDT and Circle-backed USDC, have been making waves this year. 🌊 Recent deposits of USDC to centralized crypto exchanges could be a sign of investors buying the dip during the recent market corrections. 📉💰

According to IntoTheBlock’s Head of Research, Lucan Outumuro, USDC’s net inflow into centralized crypto exchanges hit a one-year high of $228 million on June 24. This suggests investors are depositing stablecoins to capitalize on lower cryptocurrency prices. 📈💸

CryptoQuant co-founder Ki Young Ju has noted that while the stablecoin market is growing, its ratio to Bitcoin’s market mirrors previous all-time highs. This suggests that stablecoins have already been used as buy-side liquidity and may not drive the next market upswing without new inflows. 🔄💹

Despite Bitcoin's disappointing trajectory over the past month, it's important to remember that these declines may offer unique long-term buying opportunities. 📉🛍️

Hints of recovery include the US spot Bitcoin ETF’s minor inflow of $31 million, reversing the week-long outflow streak. Also, Bitcoin’s RSI has moved from heavily oversold levels to around 33, suggesting significant potential for growth. 📈🚀

Experts also suggest a hidden bullish divergence for Bitcoin on the daily RSI, indicating that the asset could potentially be on the cusp of a bullish breakout. So, keep your eyes peeled, Bitcoin lovers! 🚀🌕

Stay tuned for more updates! 📰👀