According to the latest data from Crypto analyst Sunmoon, the 20-day and 100-day moving averages (MAs) of stablecoins have recently demonstrated a key “golden intersection.” This indicator has accurately predicted changes in market trends many times in history. Additionally, blockchain data shows that stablecoin reserves on exchanges are growing rapidly and are currently near their highest levels since last year. Combined with the pattern of capital inflows before the start of past bull markets, this phenomenon could indicate that potential buying pressure is rapidly building.
Stablecoins are the “financial backbone” of the crypto market, and their surge in inflows on exchanges is seen as a strong signal that they are “ready to go.” Blockchain data shows that stablecoin inflows from major exchanges have increased by more than 30% year-on-year over the past week. This significant capital flow not only reflects a positive shift in market sentiment, but could also be a catalyst for a new round of market breakouts.
Historically, the 2021 bull market surge was driven by similar blockchain data trends. This surge in stablecoin inflows has once again captured the market’s attention, and blockchain indicators clearly show that funds are waiting for opportunities.