Are the stable coins paving the way to the moon for BTC?

Previously I made an observation that the #BTC price has been trading around the same levels since early 2021, while the stablecoins market cap has seen an increase from 50 to around 170 billion. This is money already in the space that's ready to engage.
If you study the BTC to USDT correlation, you will find that when new USDT is minted, Bitcoin price moves to the upside. We also had a single event of 2018 when a big portion of the USDT supply was burned that was literally days before the final capitulation to 3,200$.

A clever observation was done while discussing the topic that a big portion of the newly minted stable coins are actually locked in DeFi and not necessarily waiting to stack sats. So I decided to check what the data. Due to limitations, I will just post the raw data:

Market Cap:
USDT:78.66 billion Locked:18.9 billion, 23%
USDC:48.23 billion Locked: 9.7 billion, 41%
BUSD:14.16 billion Locked: 0.2 billion, 1.4%
DAI:9.3 billion Locked: 4.9 billion, 52.6%
UST:11.2 billion Locked: 5.6 billion, ~50%

StableCoins count locked in smart contracts is 39.3/160-170 billion or ~ 23.8 %. Meaning, we still have around 125 billion of #stablecoins, which by itself is way more than the 50 billion in Jan 2021, while price remained the same.
That's a divergence I find this to be incredibly bullish because of the tight correlation of Bitcoin price and stable coins. Of, course, confluence with other data is always a plus. Don't trust me blindly.

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