[Analysis] "Stablecoin issuance reaches all-time high… Indicates potential rally"

Despite the recent chilling of investor sentiment in the cryptocurrency market, some indicators still point toward a bullish trend.

On the 19th (KST), a contributor from XWIN Research Japan to CryptoQuant stated in a report, "The total issuance of stablecoins—a key indicator reflecting liquidity in the crypto market—has reached an all-time high of $160 billion," and analyzed that "this shows the purchasing power in the crypto asset market is at its strongest ever."

He continued, "Currently, about $32 billion in stablecoins are being held on exchanges," and added, "A similar level of stablecoin reserves was observed during past bull markets." He further noted, "More than $1.2 billion is flowing into exchanges daily," underscoring that "this means large investors and institutions are preparing to allocate capital."