Renowned crypto portfolio management firm DAIM (Digital Asset Investment Management) says there are billions of dollars in stablecoins waiting for the stormy weather to pass.
In a blog post published on Friday, July 1, DAIM stated that the reports of capital flight do not reflect reality and that there are billions in stablecoins “waiting for the stormy weather to pass”.
Company, In his article published on Friday, volatile and volatile in market conditions high leverage many using debtor and lender companies are experiencing financial difficulties, some liquidation stated that.
Also DAIM; 3AC, Celsius and BlockFi with the panic that dominated the market after the liquidation of giants in the industry such as 17,000 He stressed that the dollar was tested. While management acknowledges that what happened has caused great loss and pain in Bitcoin, He underlined that big losses in Bitcoin bring big gains.
DAIM, of experts exaggerated news about the escape of capital He underlined that it does not reflect reality. Noting that the capital waiting for the storm to pass in stablecoins is not low at all, the company made the following statements:
Since April 2020, the market capitalization of the 4 largest stablecoins (USDT, USDC, BUSD and DAI) has increased 20x, with a total market cap of $140 billion. This means that there is 140 billion dollars that will be distributed to Bitcoin and altcoins immediately after the storm.
In the shared report, how long will the crisis last In statements about Bitcoin moves in cycles, completed so far 2 cycles information was given. of the first loop 405 days continues, the second cycle 363 days According to this information, the cycle we are in is continuing. He emphasized that they predict that it will see the bottom in November and December.
Finally, DAIM managers, It was stated that they watched the whales closely. In addition, DAIM made a live broadcast of whales last week. accelerated its purchases and did not discriminate against prices. that they observed.