CoinVoice has learned that Matrixport released today's chart stating that the performance of stablecoins is one of the important indicators reflecting market trends. Generally, an increase in stablecoin trading volume indicates bullish market sentiment, while the growth of Tether's market capitalization reflects more fiat funds flowing into the cryptocurrency ecosystem.

However, when these trends reverse, it often signifies that Bitcoin and the entire crypto market are entering a correction phase. Recently, Tether's market capitalization has declined, and trading volume is also decreasing, but it may be premature to assert that the market has turned bearish at this time. This change may just be a seasonal lull due to the Christmas holiday.

As the new year begins, we will soon see whether the market will regain its bullish momentum. [Original link]