Stablecoin data suggests traders are preparing for a new all-time high in the price of Bitcoin (BTC)📈. A report from KuCoin Research links the rise in stablecoin inflows to the upcoming Bitcoin supply crunch event. While the issuance of Binance USD, True USD and PayPal USD was declining, the two largest stablecoins continued to enter the market. The total balance of stablecoins across all exchanges has increased from $19.7 billion on April 7 to the current $20.34 billion. This indicates that traders are preparing to open new positions in anticipation of Bitcoin's uptrend resuming.