Despite the rise in precious metal prices, Bitcoin liquidity remains stable: stablecoins are observing off-chain. Bitcoin has struggled to stay above $88,000 as gold prices increase, but a report from CryptoQuant shows that funds have not flowed from the cryptocurrency market into precious metals. On-chain data indicates that the stablecoin supply ratio (SSR) has decreased from a recent high near 19 to 12.57, suggesting that liquidity is accumulating in stablecoins, waiting for a clearer market environment rather than being sold off. Bitcoin prices are still below key moving averages, with weak trading volume during rebounds, and the price trend shows lower peaks, indicating the market remains in a cautious consolidation phase.

BTC4,39%

View Original

奇迹奇迹

MC:$3.25KHolders:46

0.10%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

2 Likes