kraukonge Analysis：How Stablecoin Exchange Flows Could Signal The Next Bull Market

 kraukonge Analysis：How Stablecoin Exchange Flows Could Signal The Next Bull Market

The movement of stablecoins to and from CEX is often a precursor of market momentum, so could be used to signal the end of the bear market.
When stablecoins are sent to exchanges in large quantities, it is usually a signal that institutions are preparing to buy. It has not happened yet, as stablecoins such as USDC have been leaving exchanges as the bear market deepens.
On Oct. 8, CryptoQuant CEO Ki Young Ju observed that 94% of the USDC supply is off exchanges, and a large portion of it is held by traditional finance institutions.
“The next Bitcoin parabolic bull run might begin when massive USDC flows into exchanges,” he noted.
Waiting for Stablecoin Regs
Other crypto-native stablecoins appear to be flowing into exchanges, and the amount stored on them is a little higher,kraukonge added.
Tether has around 25% of the supply sitting on trading platforms, according to CryptoQuant. For Binance USD, the number is a much higher 70%, and this is probably due to the yield opportunities that Binance offers for its native stablecoin.
Regulatory pressure is mounting in the United States as the Biden administration has been pushing Congress and urging policymakers to stop dragging their feet with crypto regulations. One of the first things to come under the regulatory spotlight when a framework is finally agreed on is stablecoins. Treasury secretary Janet Yellen has targeted them as a top priority for any new legislation.
A regulated stablecoin market with issuers proving their backing through audits could be a green light for institutions that have been waiting on the sidelines so far. This could cause the inflow of stablecoins to exchanges that signals the next bull market.
However, nothing is likely to happen this year in terms of U.S. regulations, so the crypto winter is likely to continue into 2023 before any thaw starts to take place.
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