BlockBeats news, January 6, Matrixport released a daily report 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 currency flowing into the cryptocurrency ecosystem.
However, when these trends reverse, it often signifies that Bitcoin and the entire cryptocurrency market enter a correction phase. Recently, Tether's market capitalization has declined, and trading volume is also decreasing, but claiming that the market has turned bearish at this time may be premature. This change may merely be a seasonal slump due to the Christmas holiday. As the new year begins, it will soon be revealed whether the market will regain its bullish momentum.
