Stablecoins are pouring into exchanges, and potential buying may trigger new market trends

According to the latest data from on-chain analyst Crypto Sunmoon, the 20-day and 100-day moving averages (MA) of stablecoins have recently seen a key "golden cross". This indicator has accurately predicted changes in market trends many times in history. In addition, on-chain data shows that exchange stablecoin reserves are soaring and are currently close to the highest level since last year. Combined with the pattern of capital inflows before the start of past bull markets, this phenomenon may indicate that potential buying pressure is rapidly building up.

Stablecoins are the “funding backing” of the crypto market, and their growth in inflows into exchanges is seen as a strong signal that they are “ready to go.” On-chain data shows that in the past week, stablecoin inflows from major exchanges have increased by more than 30% year-on-year. This significant capital flow not only reflects positive changes in market sentiment, but may also become a catalyst for a new round of market outbreaks.

Judging from historical experience, the outbreak during the 2021 bull market is driven by similar on-chain data trends. This surge in stablecoin inflows has once again attracted market attention, and on-chain indicators clearly show that funds are waiting for opportunities to arrive.