The cryptocurrency market has been going through a tough phase over the past ten days, but on-chain data suggests there could be an unexpected change by the end of the year. 📈
BTC surged from below $70,000 to over $108,000 after the US presidential election, but has recently dropped to $94,000. Trading volume has decreased due to the holiday season, but this could spark a new bullish trend if "whales" continue to accumulate.
Additionally, stablecoin reserves on Binance have surged, with $29 billion in USDT and USDC, indicating optimistic signals for the market. Stablecoins play a crucial role in providing liquidity and stability. 🐋