Bitcoin's Monster Rally Potentially Draws Closer As Billions Accumulate in Stablecoin Markets!

The latest Glassnode report has landed, and their on-chain analysis suggests that Bitcoin could attract a massive inflow of capital, in the event a mass-migration of liquidity leaves stablecoin markets, and floods into the Bitcoin buy-side.

With Bitcoin seemingly trapped inside a $300 price range for weeks, volatility
is hitting the sort of lows that have preceded major price swings in the past; think 30% to 60% move in either direction as being imminent.

In this scenario, Glassnode Research seems to lean bullish, pointing to their "Stablecoin Supply Ratio" metric as representing a massive pool of liquidity currently sidelined by investors, that if directed onto the orderbooks, could fuel Bitcoin's next major breakout above $10,000.

Related Links:
https://bitcoinist.com/bitcoin-can-attract-large-capital-inflows-on-short-notice-research/
https://insights.glassnode.com/the-week-on-chain-week-28-2020/
https://twitter.com/Josh_Rager/status/1282300101705310209

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