This chart illustrates Bitcoin's price (black line) and the inflow of stablecoins (blue area).

The price of Bitcoin has shown multiple fluctuations over time, while the blue area indicates the amount of stablecoins entering the market. Notably, there are significant increases in stablecoin inflows at various points, which often coincide with Bitcoin's price movements.

The recent highlighted spike in stablecoin inflows suggests a substantial increase in liquidity entering the market, which can affect Bitcoin's supply and demand dynamics and potentially lead to increased price volatility.

Written by 우민규 Woominkyu