NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Raydium DEX's AMM Program Exploited For $1.34 Million — Here's What Went Wrong
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Raydium DEX's AMM Program Exploited For $1.34 Million — Here's What Went Wrong

Stablecoins Reserve Surges Up Again, Dry Powder For Bitcoin’s Next Big Move?

Keshav Verma
Keshav Verma
Last Updated: June 11, 2024 1:58 pm
3 mins read
Bitcoin Stablecoins

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Data shows stablecoins volume has surged up once again. Past pattern may suggest that this accumulation could be dry powder for Bitcoin’s next big move.

Bitcoin Stablecoins Reserve Rises Up Again

As pointed out by an analyst in a CryptoQuant post, the stablecoins reserve seems to have risen again back to peak levels.

The stablecoins reserve is an indicator that shows the total amount of stablecoins being held on wallets of all exchanges

When the value of this indicator moves up, it means investors could be moving out of volatile crypto markets, and into the stable fiat tokens.

High values can imply investors are piling up these coins while waiting to find the optimal openings into markets like BTC.

Related Reading | Why Bitcoin Bears Might Not Get To Buy New Lows

On the other hand, when the metric’s value shows a downtrend, it could mean investors have started to move their funds from stablecoins back into volatile markets. Large volumes moving out to exchanges and into personal wallets will also register as a decrease in the reserve.

Now, here is a chart showing the latest trend of the indicator vs the Bitcoin price:

Bitcoin, Stablecoins Reserve

Stablecoins reserve has once again hit a peak | Source: CryptoQuant

As the above graph shows, the metric has once again shown an uptrend recently as its values reach up near the peak again.

Lately the trend this year has been that whenever stablecoins reserve shoots up, it means an accumulation of dry powder for Bitcoin. And when the indicator goes back down, these fiat tied coins are converted to BTC, showing up as a rise in the crypto’s price.

This trend can be seen in action in the above chart as well. When BTC hit a bottom due to the El Salvador day crash, stablecoins started dropping off quickly as BTC’s price recovered back to a higher level.

Related Reading | Will The SEC Approve A Bitcoin Futures ETF In 2021? Here Are The Implications

Once the price hit a peak, the reserve started going up once again as investors took the profits of the price increase and moved into fiat-tied tokens.

Now the stablecoins reserve has plateaued at a peak again. This may mean investors are just waiting to put their coins back in once the price is suitable.

Perhaps once Bitcoin gets pumped through these coins, it will be able to make a big move up again. The analyst in the post believes this could be one of the keys to hitting a new ATH.

BTC Price

At the time of writing, Bitcoin’s price floats around $43.5k, up 0.2% in the last seven days. The below chart shows the trend in the coin’s value over the last five days.

Bitcoin Price Chart

BTC's price heading on path of recovery from the crash due to China's crypto ban | Source: BTCUSD on TradingView
Tweet123Share196ShareSend
Keshav Verma
Keshav Verma

Keshav Verma

Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021.

Read more

Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to.

In terms of official educational qualifications, Keshav holds a bachelor’s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions.

Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true.

Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn’t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment..

Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form.

Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new.

As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money.

Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn’t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs.

Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Crypto

Citi And Coinbase Bring Stablecoin Payments Into Corporate Banking

Citi and Coinbase have expanded their partnership with new stablecoin and fiat payment infrastructure for businesses. Citi clients can accept...

NewsBTC Editorial Team 17 hours ago

MEXC Earnings Season Data: Nearly Half of Tokenized Stock Trading Volume Occurs Outside Regular U.S. Hours

Mutsamudu, Comoros, September 29, 2026 — MEXC, a pioneer in 0-fee digital asset trading, today released stock trading data from...

BlockmanPR 19 hours ago

PrimeXBT Insights: Bitcoin rallied through a rate hike; Can it rally through a bond selloff?

By Jonatan Randin, Senior Market Analyst at PrimeXBT In mid September the setup looked bad for Bitcoin. The CLARITY Act...

Tony "The Bull" Severino 1 day ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin Crash To $30,000? China Mining Giant Says Strategy Can Survive

Strategy Buys 1,665 More Bitcoin And Spends $152M Buying Back STRC

NewsBTC Editorial Team 15 hours ago

TRON DAO Celebrates Canary Staked TRX ETF (Ticker: TRXS) Debut With Cboe Closing Bell in Chicago

BlockmanPR 16 hours ago

MEXC Unveils “WE SEE YOU” Brand Visual Refresh, Putting People Behind Every Trade in Focus

BlockmanPR 16 hours ago

Premium Sponsors

Press Releases

  • apple

    How to Spend Crypto on Apple Pay in 2026 (No Selling)

    2 weeks ago
  • LBank Launches Card Referral Campaign to Accelerate...

    2 weeks ago
  • LBank Launches 72-Hour Mystery Box Challenge on LBank Pay...

    2 weeks ago
  • LBank Kicks Off Cash Payment Challenge to Reward Users for...

    3 weeks ago
  • watt

    September 2026 Token Sales Worth a Closer Look: Watt2Trade...

    3 weeks ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.