CryptoQuant: BTC has stabilized and will continue to grow

Cryptocurrency market analysts are once again focusing maximum attention on the flagship cryptocurrency BTC $104,747.58 Bitcoin -2.12% Market capitalization $2.07 trillion VOL. 24 hours $3.7 billion , which, according to them, may be entering a new phase of development. The main focus is on key trends affecting the price, demand, and position of the world’s first cryptocurrency.

Recently, there has been a growing interest in analyzing the dynamics of the cryptocurrency market. The main topics of discussion include Bitcoin’s stability after last year’s fluctuations, its ability to serve as a store of value, and its potential impact on traditional financial markets.

Analysts point to the importance of macroeconomic factors, such as changing central bank policies and global economic instability. These factors may affect investors' decisions to enter the cryptocurrency market.

The question remains whether Bitcoin will be able to reach new heights or undergo a significant correction. Analysts advise to closely monitor the situation in order to make informed investment decisions.

CryptoQuant analyst Darkfost drew attention to positive market signals from stablecoin activity and BTC net flows. The ratio of exchange stablecoins — a comparison of bitcoin reserves on exchanges to stablecoin reserves — is declining.

This trend indicates strong buying pressure, as the number of stablecoins available for buying bitcoins is growing, while exchange reserves of bitcoins are decreasing. At the same time, weekly net bitcoin flows show a steady withdrawal of funds from exchanges, indicating a change in investor sentiment toward medium- and long-term holding.