Stable indications and their effects on the cryptom market: What can these metrics say about the next price movement of Bitcoin?

Von Krypto News Österreich

Stablecoins: Mögliche Einflussfaktoren auf den Kryptomarkt Bitcoin hat in den letzten Tagen eine Reihe von Schwankungen erlebt, wobei der Preis zwischen 29.700 US-Dollar und 31.100 US-Dollar lag. Es gibt mehrere Gründe, optimistisch zu sein, dass dieser Widerstand bald durchbrochen werden könnte. Ein Faktor, der oft übersehen wird, ist das Verhalten der Stablecoins. Insbesondere Tether (USDT) und USD Coin (USDC) haben historisch interessante Korrelationen gezeigt, die darauf hindeuten, dass der gesamte Kryptosektor möglicherweise beeinflusst wird. Ein wichtiger Indikator ist das „durchschnittliche Alter des investierten Dollars“ (Mean Dollar Invested Age). Dieser Indikator beschreibt das durchschnittliche Alter aller Coins/Token auf der Blockchain, gewichtet …
Stable coins: Possible influencing factors on the Kryptomarkt Bitcoin has experienced a number of fluctuations in the past few days, with the price between $ 29,700 and $ 31,100. There are several reasons to be optimistic that this resistance could soon be broken. One factor that is often overlooked is the behavior of the stable coins. In particular, Tether (USDT) and USD Coin (USDC) have shown historically interesting correlations that indicate that the entire crypto sector may be influenced. An important indicator is the "average age of the invested dollar" (Mean Dollar Invested Age). This indicator describes the average age of all coins/tokens on the blockchain, weighted ... (Symbolbild/KNAT)

StableCoins: Possible influencing factors on the cryptoma market

Bitcoin has experienced a number of fluctuations in the past few days, with the price between $ 29,700 and $ 3,100. There are several reasons to be optimistic that this resistance could soon be broken. One factor that is often overlooked is the behavior of the stable coins. In particular, Tether (USDT) and USD Coin (USDC) have shown historically interesting correlations that indicate that the entire crypto sector may be influenced.

An important indicator is the "average age of the invested dollar" (Mean dollar Invested Age). This indicator describes the average age of all coins/tokens on the blockchain, weighted according to the purchase price. If the average age of the coins drops, this indicates that inactive coins are activated to further increase prices.

It is particularly interesting to observe the behavior of wallets with stocks of $ 100,000 to $ 10 million of stable coins. These so-called "shark and whale positions" can influence the cryptoma market. There are various ways to interpret the behavior of these wallets: the stable coins fall and the BTC prices rise, this can indicate that large actors convert their stable coins into Bitcoin to drive the price. On the other hand, the StableCoins rise and decrease the BTC prices, this can mean that these actors sell their BTC and invest in stable coins. If both stablecoins and BTC prices rise, this indicates that more Fiat flows into the market and that prices could increase without the help of sharks and wal tablecoin investments. If both stablecoins and BTC prices drop, this can indicate that cryptocurrencies are sold and removed from the crypto sector.

Another indicator is the percentage of stable recoin stocks that are on the stock exchanges. If the stocks move quickly, this can be a sign of the development of crypto prices. At USD Coin you could see in March that the stocks were postponed on the stock exchanges shortly before the price increase.

In addition, you can also take a look at the largest wallet addresses of the stable coins. If large amounts of stable coins flow into these wallets, this could be a sign of future developments.

The analysis of stablecoins may seem boring at first glance, but anomalies in these metrics can be important signals for the cryptom market. In particular, Tether (USDT) and USD Coin (USDC) have shown in the past that they can influence the market.

This article was first published on santiment.net.