The Bitcoin market cycles display several unusual asymmetries. At the end of a bull market, investors tend to get overly optimistic, leading to a temporary parabolic price surge. When a bull market is nearing its end, rapid price growth poses a risk of bursting the speculative bubble, and it can be seen that the participants become greedy.
According to cryptoquant CEO ki young ju , the next Bitcoin parabolic bull run could be sparked by the transfer of USDC held by TradFi institutions to exchanges.
In his recent analysis, Ki Young Ju has just pointed out a new factor to watch out for to identify the next bitcoin org (BTC) parabolic bull run. Read on!
Young Ju’s 4 Signs:
The expert tweeted that the bull run may begin if large amounts of the dollar-pegged stablecoin USD Coin (USDC) shall flood into the exchanges.
The next #Bitcoin parabolic bull run might begin when massive $USDC flows into exchanges.
For now, 94% of the USDC supply is outside exchanges, some of which are owned by...
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