Whales are depositing stablecoins to exchanges - Crypto fast news #01
In the past few days we have been trolled a lot by Elon's statement. In this article I want to give you information that I hope you and I both feel more secure.
You are seeing stablecoins deposited to exchanges over the years. This statistic is taken by @cryptoquant_official (telegram). Through this statistic we can see that: The average amount of stablecoin inflows across all exchanges hit a two-year high. It can be interpreted that: Whales are depositing stablecoins to exchanges.
I don't know what you think, but to me this is a meaningful analysis. From this statistic, I am strongly convinced that the price of crypto will go up even more this year. I can't say which coin specifically, but that's the general situation of the market. I will hold as much as I can.
Talk more about the price drop in the past few days.
Tesla continues to accept #Bitcoin payments for their electric vehicles on the grounds that bitcoins take energy. But take a look at the energy statistics for the BTC network and the traditional banking system.
It is clear that the energy for bitcoin is at a much lower level than that used by the banking system. What a silly, pointless excuse.
I'll be back in future market commentary posts, so don't forget to follow if you're interested. Thanks very much.!
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