Bitcoin has recovered rapidly, approaching $60,000, and has given positive momentum to the markets. After falling below $50,000 in recent weeks, BTC has quickly reached the $60,000 threshold. This recovery is supported by the falling stablecoin rate on exchanges, indicating that selling pressure is decreasing.$BTC

According to data from blockchain analytics firm CryptoQuant, the ratio of BTC held on exchanges to stablecoins has fallen to its lowest level since February 2023. This reflects a long-term downtrend that has been ongoing since June 2022. CryptoQuant noted that investors are less likely to convert their BTC to stablecoins, which has eased selling pressure. Stablecoins are digital assets that keep their value stable relative to external references such as the US dollar, and they offer investors a secure trading opportunity in the highly volatile cryptocurrency market and are often used to finance spot crypto purchases and derivative transactions.

According to TradingView data, the supply of Tether (USDT) and USD Coin (USDC), the two stablecoins by market capitalization, has increased by nearly $2 billion since the market crash on Aug. 5, reaching $150.15 billion. On an annual basis, the supply of USDT and USDC has increased by almost 30%, indicating that the market continues to see fiat inflows and investors prefer to buy BTC at lower prices.

Analysts say these developments are in line with constructive market expectations. Valentin Fournier, an analyst at digital asset research firm BRN, noted that spot ETFs for assets such as BTC and ETH have seen positive net flows and that institutional support continues despite the decline over the weekend. Fournier predicts that this support could reduce volatility in Bitcoin in the long term, and that BTC could approach the upper end of the $67,000 to $69,000 range in the coming weeks.

Observations show that investors are holding on to BTC with the expectation of selling it at higher prices in the future. This suggests that the market is generally in a positive mood and that Bitcoin could continue its uptrend.

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THIS 10 DOLLAR GIFT CAMPAIGN IS A CAMPAIGN MADE ESPECIALLY FOR ME BY BINACE. YOU CAN GET CONFIRMATION OF WHAT I HAVE SAID ABOUT THIS ISSUE BY CALLING LIVE HELP. IT IS A 10 DOLLAR CAMPAIGN MADE FOR YOU THROUGH ME.

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So who can benefit?

Our friends who have not yet activated the futures section, when you activate your FUTURES transaction section, you will earn $10 when you open it by entering my 88623008 reference code.

I EXPLAIN IN DETAILED.

My brothers and sisters who have become Binance members without a reference, please listen carefully;

When you do what I say in order, you will receive 10 USDT.

Go to the Futures Section from your application,

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My brothers and sisters who want to complete this transaction and receive the 10 USDT reward until MAY 1 can do so. Afterwards, after activating your account, it is enough to open your first futures transaction.

The first 1,000 brothers who open a 200 USDT transaction by MAY 1 will receive a 10 USDT reward.

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WHEN WILL THE REWARD COME?

Your $10 reward will come to the REWARDS section of your Binance application within 30 days from May 1. By activating it from there, you can use your $10 reward, or more than 300 lira, in futures transactions.

You can share this post with your friends in need so that they can also benefit from it.

IN THE MEANWHILE, MY BROTHERS, PLEASE DON'T MISS YOUR LIKES. EVERY SHARE IS FOR YOU. SO DON'T WITHHOLD YOUR SUPPORT. EVEN IF YOU HAVEN'T FOLLOWED US YET, DON'T FORGET TO FOLLOW US. WITH MY REGARDS.