Bitcoin (BTC) is likely to be more of an increase in 2019, when the big cryptobeurzen more stablecoins in their possession. That’s according to figures from the TokenAnalyst.
This metric shows once again that the stablecoins especially if the Tether (USDT). This does not mean, however, that each of the power USDT to the stock exchanges, resulting in a higher price to BTC, but it is a possible indicator to be on the lookout for the gold.
Contents
Provides liquidity for a higher price.
Market, Elias Simos, put it forth in the following tweet. In the first quarter of the current year and the balance sheets of the major cryptobeurzen in the field of stablecoins to be relatively stable. For the price and made it easy.
In the second quarter, we saw (in april), we saw a huge rise in BTC, but eventually the prices of more than $13.400 on different ports. This was coupled with an influx of new stablecoins in the balance sheet accounts from the trade shows.
In the third quarter of this year, we saw again a decrease in the price of today’s. At the time of this writing we are at $8.221 per bitcoin. With a lot that is lower than the high point of this year.
And what do you find? The grants are available for less stablecoins. That means less liquidity in the trading platform. It is, after all, the less money will be available to be acted upon.
Interesting how stablecoin exchange network flow (NF) rhyme with ($, BTC, price of in 2019. Indicatively, thus far:
– in Q1: N, close-to-balance; the price ⚖️
– Q2: NF skewed towards inflows; price ?
– Q3: AF skewed towards outflows; price ? pic.twitter.com/aQXBjR9gd1
Elias Simos (@eliasimos) on October 2, 2019
Stablecoins
Stablecoins to be covered by, in particular, to the dollar, are in high demand in the various cryptomarkten. For example, according to CoinMarketCap (CMC), which is a Tether of the most widely used currency in all of the cryptobeurzen with each other. With a daily trading volume of almost $16 billion, will remain with the BTC, well over $2 billion.
A small note on the numbers: the CMC does not have all of the stock exchanges is included in the calculations, and there are also sites where you can of course just go with your euro’s or dollars in your BTC or any other cryptomunten you can get.
In addition, a lot of cryptobeurzen false information about the volumes, on the platform. That is why it is CoinMarketCap in the process of developing a new way of interpreting the numbers.
In spite of this, a side note, it is particularly interesting to note that the impact on stablecoins or was present. What is the fork exactly in the stem, it is difficult to say, but the fact is that we have a correlation between the price of BTC and the amount of stablecoins people at a trade show can have.
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