CoinVoice recently learned that Matrixport released today's chart saying that the strongest bullish signal currently comes from the 7-day stablecoin minting indicator, which measures the scale of fiat currency flowing into stablecoins over a 7-day rolling cycle. Compared with the previous cycle, this indicator has almost doubled, showing that the market demand for cryptocurrencies is extremely strong, and a large amount of new capital is pouring into the market.
While prices could rise sharply with minimal selling pressure, stablecoin minting indicators further suggest that a large amount of new funds are flowing into the market. Historically, inflows have been strongest in the first quarter, suggesting that larger allocations may still be weeks away, further strengthening the potential for sustained price upside. [Original link]
