Part 1 Advanced The Market Maker’s Exchange Checklist (Liquidity, Latency, and Risk Controls) Market makers and HFT desks: evaluate exchanges on execution quality, liquidity, latency, fees, margin, and security — with a WhiteBIT walkthrough. Open guide This article is more than 2 years old...
Stablecoin rotation into Bitcoin helped fuel the leg up to $29K
Further rotation of stablecoins leaving exchanges and ending up into Bitcoin
Quick Take
- The recent Bitcoin pump to $29,000 was helped by the rotation of stablecoins into Bitcoin.
- According to the stablecoin supply ratio, the oscillator pumped this week to 1.9, going as low as 1.7, which shows the rotation that fuelled the leg up to $29,000.
- Stablecoins on exchanges are approaching $20B, the same levels as April 2021.
- The month of April saw almost $1.5 billion worth of stablecoins leaving exchanges, a much smaller amount than the previous month in March of almost $10 billion.



















