Bitcoin (BTC) might reach $58,000 with this intriguing pattern BTC $BTC
Since the end of March, trading volume has decreased and SSR has stagnated, while the circulating quantity of the stablecoin Tether has increased, followed by an increase in Bitcoin's price.SSR demonstrates a high degree of exchange activity and a falling volatility trend, indicating a strengthening status of stablecoin buying power, which remains bullish.
One possible conclusion is that large investors have stockpiled stablecoins in anticipation of higher prices. A low SSR indicates that Bitcoin has great purchasing power, which indicates the possibility of a positive trend when large buyers reenter the market to buy.
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