Next Bitcoin Bull Run Might Soon Kick Off, Analyst Says

Oct 10,2022
Next Bitcoin Bull Run Might Soon Kick Off, Analyst Says

CryptoQuant CEO Ki Young Ju emphasized a new indicator to mark the next round of bitcoin hyperbolic bull market. In aTwitterThe analyst indicated that when many USD coins (USDC), the stable loan currency of USD, are injected into the exchange, the bull market is likely to gradually

According to the information highlighted by Ju, 94% of the goods circulating in FAO are now outside the exchange. This supply is mainly owned by other financial enterprises such as BlackRock, Fidelity and Goldman Sachs

Zhu explained that when the user of the organization places a USDC order, the outfield token will be deployed in the market, which may cause a bull market rebound

He still paid attention to the original post. Unlike the USDC, which is the favorite of investors, BUSD, USDT and other "data encryption local stable currency" were injected into the exchange again

The supply of Binance USD (BUSD) in the exchange has significantly increased. Although the sales market is in a bear market, 70% of the supply comes from the exchange. This may indicate that data encryption natives have accumulated some coins. In addition, the supply of Tether (USDT) in the exchange accounts for 25%

Bitcoin chain franchise theme activity makes analysts cheerful

Recent CEOWatch outInvestors have been accumulating and waiting for market weakness, which shows that the old Bitcoin accounts for 74% of the total market value at this stage

In addition, the hash rate of Bitcoin is another indicator of franchise, which shows that investors have strong confidence. Bitcoin hash rate is an indicator that needs mathematical calculation to test network information security. In the past 12 monthsData informationFrom YCharts.