According to Odaily Planet Daily, CryptoQuant analysts pointed out that stablecoin liquidity may limit the potential for a sharp rise in Bitcoin prices in the future. The market value of stablecoins has not yet been fully improved, especially USDT, which is the key to further increases in Bitcoin prices.
The company added in a statement on Wednesday that despite some positive moves in the stablecoin market cap, USDT’s monthly market cap growth remains close to zero, which still suppresses the potential for further gains in Bitcoin prices.
