Yello, ParadiseClub Members! 😎 Noticed the unusual stablecoin surge through the crypto market lately? Let’s dive into the latest trends:

💎Recent data shows a remarkable uptick in the daily inflow of stablecoins like USDC and USDT across all exchanges, averaging a hefty $53 billion, well above the yearly norm. This stablecoin surge peaks even higher than usual, with a record inflow hitting $72 billion on days when Bitcoin prices soared to $70,000. Such significant movements often indicate a ramp-up in buying activity, as traders convert their stable holdings into assets like Bitcoin.

💎On the flip side, the average weekly Estimated Leverage Ratio (ELR)—a measure of how much leverage is being used in the market by comparing open interest to exchange reserves—has seen a decrease of 1.5%. This drop suggests a shift towards more conservative trading practices, possibly as traders aim to reduce risk in response to market conditions.

💎From the trading desks of ParadiseTeam Professional Traders: The stablecoin surge is a bullish sign, typically signaling increased buying pressure for Bitcoin as traders move their funds from stable assets to cryptocurrencies. Meanwhile, the reduction in ELR points to a market that’s becoming more cautious—perhaps a reaction to recent volatility or a strategic pullback from riskier leverage positions.

Stay focused, patient, and disciplined Paradisers🥂

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