【CryptoQuant Founder: Bitcoin Cannot Rise Just by Stablecoin Supply】According to Golden Finance, Ki Young Ju, the founder and CEO of CryptoQuant, recently explained that while the supply of stablecoins continues to grow, the new trading volume is insufficient to create enough buyer liquidity to drive up the price of Bitcoin. He pointed out that the current exchange reserve ratio of Bitcoin to stablecoins is about 6:1, meaning that the amount of Bitcoin held on exchanges is six times that of stablecoins. In September 2021, the value of stablecoin reserves was about $30 billion. Currently, the total market value of stablecoins is approximately $166 billion, but only 21% of stablecoins are used for trading, far below the 50% in 2021. Ki Young Ju believes that although the supply of stablecoins continues to grow, in the current market cycle, stablecoins are mainly used for other purposes rather than trading.