This is an experimental indicator I created.
The idea is very simple - I believe there's a positive correlation between stable coins issuance and BTC's(and other coins) price appreciation. Rising levels == buying power. For the last 2 years it managed to spot local tops/bottoms.
We just had a double tap on the line, which is very similar to June - July 2021 development, which marked the local bottom. Take it as you will, as always :)
The idea is very simple - I believe there's a positive correlation between stable coins issuance and BTC's(and other coins) price appreciation. Rising levels == buying power. For the last 2 years it managed to spot local tops/bottoms.
We just had a double tap on the line, which is very similar to June - July 2021 development, which marked the local bottom. Take it as you will, as always :)
Nothing has changed. Money are sidelined and I believe bottom's in.