Stablecoin Dey Surge and BTC Dominance Dey Fall Sign Say Altcoin Rally Go Happen
On-chain metrics dey show say one possible altcoin rally fit happen because stablecoin liquidity don reach record high and Bitcoin dominance don drop. Total ERC-20 stablecoin supply don climb reach all-time high of $128.7 billion, plus active stablecoin addresses don pass 250,000 for the first time. Correct net inflows of over $67 million dey enter stablecoins for Binance, wey show say buying power dey increase. Meanwhile, Bitcoin dominance (BTC.D) reject for im previous cycle resistance zone — this one be historical sign say money dey shift go mid and large-cap altcoins. Traders dey watch make Ethereum break pass im current cycle bull-run resistance while BTC.D dey trend down. As of now, total altcoin market cap na $1.57 trillion, up pass 5% for the past week even though small 1% pullback happen in 24 hours. All these indicators together show say investors fit soon start put more money for altcoins, fit ignite next phase of altseason.
Bullish
Di big increase for stablecoin supply and record active addresses mean say liquidity full ground wey dey wait for risk assets, plus positive exchange inflows for Binance show say buying power high gidigba. Traditionally, when BTC dominance no pass for big resistance areas, money go shift enter altcoins, na dat time altseasons begin. Ethereum short test for $4,800 and the need make e break pass im cycle resistance still reason to believe say price go climb. For short term, traders fit move money go mid- and large-cap altcoins, wey go cause price to rise. For long term, if liquidity hold ground and Bitcoin dominance reduce, e fit open way for more people to join market and altcoin rallies to last longer, like wetin happen for 2017 and 2021 cycles.