
Rotation of stablecoins into Bitcoin as it climbed to $30k
Analyzing Bitcoin's rise to $30,000 and the rotation of stablecoins into BTC
Focused research and data-led analysis on the signals shaping this segment of the market.
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Analyzing Bitcoin's rise to $30,000 and the rotation of stablecoins into BTC

Spike in leveraged trading and spot volume drove Bitcoin to a peak of $30,820.

Poolin, once a powerhouse mining pool, has depleted its Bitcoin reserves to 6,000.

Year's biggest single-day surge seen in futures contracts

Bitcoin is currently trading in a range between 111DMA ($26.9k) and 200 WMA ($26.4k).

A record-breaking 69% of Bitcoin's circulating supply has remained untouched for at least a year.

The news seemed to have spurred on Bitcoin accumulation from many different cohorts

Similar levels of coins becoming illiquid after the Luna collapse.

The first time this happened was during the FTX collapse, the second time was during the SEC lawsuit

Bitcoin withdrawals could potentially be due to the BlackRock ETF news

High number of coins sent to exchanges at a loss yesterday

Bitcoin is currently trading below key technical pricing models

By 2027, this current trajectory will be $42.8 trillion of national debt
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