According to data from Blockchain analysis firm Glassnode, money has started to enter the cryptocurrency market again after more than a year.
Following the passage of time since Terra’s collapse in May 2022 Tether (USDT), USD Coin (USDC), Binance USD (BUSD) And Dai (DAI) 90-day net change in the supply of stablecoins, significantly positive started.
Stablecoins have been widely available for several years. buy cryptocurrency It is used for. Therefore, the significant increase in the supply of stablecoins is There is potential buying pressure pointing out.
In an email shared by Reflexivity Research, “The 90-day change in the total supply of stablecoins fell this week for the first time in the last 1.5 years.” to positive region passed. This is on the blockchain via stablecoins. liquidity has increased points out that There is capital inflow “We can interpret it accordingly.” said.
This chart is from smart contract platform Terra. in the LUNA token After the crash, it moved into negative territory in May 2022. In the following months, liquidity in the market continued to decrease.
