🚀🔑 Stablecoin liquidity could be the key to reignite Bitcoin's bull run, says CryptoQuant analyst Mac.D. Here's why:

🔸 Bitcoin's been trading sideways, no new highs since March 2024. Why? Tightening monetary policy in the US.

🔸 Global higher interest rates have hit liquidity, including stablecoin liquidity and supply.

🔸 Stablecoins, like Tether (USDT), are crypto tokens pegged to fiat currency, often held by traders to buy BTC later.

🔸 USDT's market cap shrank from $83B in April 2022 to $65B in Nov 2022, but recovered to $112B recently, rising with Bitcoin's price.

🔸 However, total stablecoin liquidity has been flat in Q2 2024, just like Bitcoin's price.

🔸 Mac.D suggests more "accommodative monetary policy" in the US is needed for the market's next leg-up.

What do you think? Will stablecoin liquidity be the key to Bitcoin's next bull run? Share your thoughts below! 💭 #Bitcoin #CryptoNews #Stablecoin