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On-Chain Analysis: Stablecoin Inflow Dries At Exchanges, Can Bitcoin Bulls Sustain $55k?

On Wednesday, March 10, Bitcoin (BTC) showed strong northward momentum surging over 4% and moving past $57,000 levels. At present Bitcoin is strongly consolidating above $55,500, however, the reducing stablecoin inflows and dropping USDT supply at the exchanges can put downward pressure on Bitcoin (BTC). As CoinGape reported yesterday, the short-term whale SOPR shows signs

On Wednesday, March 10, Bitcoin (BTC) showed strong northward momentum surging over 4% and moving past $57,000 levels. At present Bitcoin is strongly consolidating above $55,500, however, the reducing stablecoin inflows and dropping USDT supply at the exchanges can put downward pressure on Bitcoin (BTC). As CoinGape reported yesterday, the short-term whale SOPR shows signs