Crypto Investors Ready To Deploy $25,000,000,000 Once Bottom Is In, According to Quant Analyst
— Digital assets, First recession, Stablecoins, Important, Waiting, Beat – subscribe, Worth half, Featured image, Daily, Bottom — 1 min read
On-chain insights platform CryptoQuant CEO Ki Young Ju says crypto investors did not leave the market despite this year’s downturn. Ju says the current dip that sent Bitcoin (BTC) plunging below $20,000 from an all-time high of nearly $70,000 can be considered the crypto market's first recession. He says investors have $25 billion worth of stablecoins in exchanges that they can deploy once they are again ready to buy crypto. Ju: "Stablecoins sitting in exchanges are now worth half of Bitcoin reserve. The question is when, not how,” Ju says it could be time for investors to buy Bitcoin again, citing a tweet from popular crypto trader Murad Mahmudo. The Daily Hodl does not recommend the buying Source