Matrixport: Stablecoin inflows hit a record high, indicating strong demand for cryptocurrencies

ChainCatcher news, Matrixport released today's chart stating that the strongest bullish signal currently comes from the 7-day stablecoin minting indicator, which measures the scale of fiat currency inflows into stablecoins over a 7-day rolling period. Compared to previous periods, this indicator has nearly doubled, indicating an exceptionally strong demand for cryptocurrencies in the market, while a large amount of new capital is flooding into the market.

Although prices may rise significantly with minimal selling pressure, the stablecoin minting indicator further suggests that a substantial amount of new funds is entering the market. Historical data shows that the inflow of funds is strongest in the first quarter, indicating that larger-scale allocation of funds may still take several weeks, thereby further enhancing the potential for sustained price increases.