Bitcoin (BTC) had greater probability of rallies when exchange wallets marked net inflows of stablecoins. This is yet another evidence that the crypto markets are widely affected by the movement of several key dollar-pegged assets, but mostly Tether (USDT). BTC Moves Predicted by Liquidity Injections Elias Simos, market researcher, noted the relationship that explained several trends in BTC behavior over the past year. Interesting how stablecoin exchange net flows (NF) rhyme with $BTC price inRead MoreThe post Stablecoin Inflows to Exchanges Dictate Bitcoin Price Behavior, Data appeared first on Bitcoinist.com.
