Can Stable Coin Demand predict BTC tops and bottoms?
It seems that when viewing on chain metrics, stable coin demand can be used as an indicator to determine when there is strong stable coin demand signaling a potential top forming, the opposite is true when there is low stable coin demand it signals a potential bottom forming. When measuring the price action between these tops and bottoms it is evident that this can be used as a strategy to enter long positions when stable coin demand is low and to exit longs and enter short positions when stable coin demand is high. What are your thoughts? Please comment below.
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