CryptoQuant Announced: This is the Key for Bitcoin to Rise Further!

According to CryptoQuant, in order for the Bitcoin price to rise further, stablecoin liquidity, especially USDT, must increase.

According to CryptoQuant's Twitter post dated July 20, it is emphasized that stablecoin liquidity, especially Tether (USDT), must increase for the price of Bitcoin (BTC) to rise further.

USDT market cap growth is almost 0%, compared to 6.6% in March when Bitcoin reached $70,000. It is stated that the rapid increase in stablecoin liquidity is critical for the sustainable increase in Bitcoin price.

CryptoQuant states that current stablecoin liquidity levels are not sufficient for Bitcoin to rise and that investors should take this situation into consideration. The increase in stablecoin liquidity means more buying power in the crypto market, which supports the price of major crypto assets like Bitcoin. It is emphasized that it is important for investors to follow this situation closely and adjust their strategies accordingly.

According to CoinGecko data, Bitcoin is traded at $66,567 at the time of writing.

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