Stablecoin liquidity reaches a record increase of $ 220 billion: Report

The latest Cryptoquant Weekly report reveals that Stablecoin’s liquidity has reached a new increase of $ 220 billion.

This increase is due to the increasing market covers in Tether (USDT) and USA (USDC), which has fueled capital flows in the wider ecosystems system.

BTC bullish indicator

According to April 30 a reportThe USDT market value increased by $ 2.5 billion, while USDC increased by $ 1.2 billion last week. Completely, the duo had an increase of $ 3.7 billion in the maximum market, which represents the strongest weekly growth in Stablecoin since February 9.

Over the past thirty days, these numbers have risen up. Usdt added $ 5.3 billion, while USDC increased by $ 6 billion in the same period. Stablecoins expand over the average movement for 30 days.

Historically, this pattern coincided with periods of increased liquidity and the strongest performance in the broader encryption market. Specifically, this trend is a bullish indicator of BTC.

Market morale also improved with these liquidity changes. The Bitcoin Bull Score Index, which tracks investor and market strength, increased from 20 to 50 this week, with the new result in the market in a neutral area.

According to the Analysis Company, the increase in the scale shows the effect of increased liquidity in the last Bitcoin step above the main resistance levels on the chain. However, the indicator remains less than 60, and the level is usually associated with continuous prices.

The leading cryptocurrency has turned away over the past three weeks, increasing by more than 25 % of its lowest level on April 9 by less than 74,000 dollars to more than 96,500 dollars in early May.

On the other hand, Bitcoin Robert Breedlove’s lawyer recently pointed to the average cost of production of miners as a possible sign that the original approaches the beginning of the bull. He pointed out that this scale, which is often seen as a tie line in the market, has a historical cycle and once again indicates a possible ground.

Usdt delay, USDC Thists Excination High

Despite the levels of breaking the record, USDT liquidity has not been completely recovered. The total amount of digital assets held on the stock exchanges is currently 38 billion dollars. This is 12 % lower than its highest level on February 21, $ 43 billion.

On the other hand, the USDC balances on the stock exchanges amounted to $ 6.5 billion, and its best level since March 2023. Stablecoin reserves on the stock market are important because they can be used quickly for trading and investment, which helps to support the price activity in digital assets.