1006: STABLECOIN PATTERN SUGGEST MASSIVE BITCOIN BREAKOUT INCOMING, SAYS TOP CRYPTO ANALYTICS FIRM!!

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3.6 • 626 Ratings

🗓️ 3 August 2022

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

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Summary

Crypto analytics firm Santiment says that the dwindling supply of stablecoins may be a sign that a massive Bitcoin breakout is on the horizon. According to the market intelligence firm, the circulating supply of Tether (USDT) and USD Coin (USDC), the two biggest cryptocurrency stablecoins by market cap, has been dramatically decreasing since May 2022. Santiment says that the volume of these two assets continues to decline even as the price of Bitcoin rises, which in the past has foreshadowed parabolic BTC rallies, specifically in July 2021 right before the king crypto went from the $29,000 level all the way to $69,000. Learn more about your ad choices. Visit megaphone.fm/adchoices

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0:32.4	40,000 since the June crash began. That's right, quoting crypto investor Lark Davis,
0:37.0	the number of wallet addresses, holding at least one Bitcoin, has jumped by about 40,000 since the crash started. A lot of people hitting their whole coin goal. Let's go. And this just in breaking news, Michael Saylor to transition from CEO to CEO to focus on micro strategies Bitcoin acquisition strategy. That's right. Michael
0:55.9	Saylor was stepped down as the micro strategy CEO, but remains as the executive chairman. Also breaking
1:01.2	news just in proposed U.S. Senate legislation will treat Bitcoin and Ethereum as commodities under the CFTC,
1:08.5	according to the Wall Street Journal. That's right, and more breaking news,
1:11.9	El Salvador's banking platform, Galois, has launched a Bitcoin-backed synthetic dollar,
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1:27.0	rare bottom signal as the
1:28.3	alt-coin market cap and one more metric hint at a trend reversal, according to top
1:32.4	crypto analyst tech dev, quoting him here, Bitcoin one year plus hollow wave, 200-day rate of change
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