The Bull

The share of stablecoins vs fiat market share of volume just hit its highest level since 2020. Currently, 84% of crypto trade volume involves stablecoins, while fiat accounts for only 16%

Summer boring is repeat itself https://www.tradingview.com/x/M9TfjJ5Y/

Currently, the BTC weekend trading volume stands at an all-time low of 16% in 2024, marking a 12 percentage point decrease from its peak of 28% in 2019

Market share of volume since October 2023

Despite healthy investor profitability, the magnitude of volume being processed and transferred on the Bitcoin Network following the ATH has declined drastically. This underscores a reduced appetite for speculation and heightened indecision in the market.

Monthly stablecoin transfer volumes have ~10x'd over the past 4 years. From $100B to $1T+ per month

Since the beginning of 2023, Bitcoin's 60-day historical volatility has remained below 50%, a stark contrast to the significant fluctuations of 2022, when volatility exceeded 100%

But always in life bad times are good times to prepare for better times 😉

#BTC.D UP and #Bitcoin DOWN Bad time for ALTs https://www.tradingview.com/x/KtfOinCk/

USD-backed stablecoin continues to dominate the crypto market. Nearly 90% of all crypto transactions are executed using USD-backed stablecoins relative to the USD. Their average weekly volume in 2024 was $270bn which is 70 times higher than their EU counterparts. In contrast, just 1.1% of all transactions are done using Euro-backed stablecoins. However, it is notable that this share has increased from near zero in 2020 and is currently at an all-time high.