{"id":519860,"date":"2023-02-16T14:25:00","date_gmt":"2023-02-16T14:25:00","guid":{"rendered":"https:\/\/ktsl888.com\/?p=519860"},"modified":"2024-06-11T14:32:34","modified_gmt":"2024-06-11T14:32:34","slug":"bitcoin-breaks-24000-stablecoin-inflows-explode","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-breaks-24000-stablecoin-inflows-explode\/","title":{"rendered":"Bitcoin Breaks Above $24,000 As Stablecoin Inflows Explode"},"content":{"rendered":"

Bitcoin has broken above $24,000 in the last 24 hours as on-chain data shows a sharp spike in the stablecoin exchange inflows.<\/p>\n

Stablecoin Exchange Inflows Have Been Elevated Recently<\/h2>\n

As pointed out by an analyst in a CryptoQuant post<\/a>, there is likely demand from institutional investors in the market right now. The relevant indicator here is the “stablecoin exchange inflow<\/a> mean,” which measures the mean amount of stables that are currently being deposited into the wallets of centralized exchanges.<\/p>\n

When the value of this metric is high, it means the average number of stablecoin<\/a> tokens flowing into exchanges is quite high right now, suggesting that large players might be involved.<\/p>\n

Investors usually convert their coins into stables to escape the volatility associated with assets like Bitcoin. When these holders eventually feel that prices are right to jump back into the volatile markets, they generally transfer their stablecoins to exchanges for swapping into their desired coins.<\/p>\n

This transfer into cryptocurrencies like Bitcoin can provide a bullish effect on their prices. Thus, whenever the stablecoin exchange inflows are elevated, there is a chance that the prices of the assets in the sector may observe a boost.<\/p>\n

The counterpart indicator to the exchange inflow mean is the exchange outflow mean, which naturally measures the average amount of the stables exiting these platforms.<\/p>\n

Related Reading: Quant Explains How Bitcoin Derivatives Data Can Be Used For Trading<\/a><\/div>\n

Now, here is a chart that shows the trend in the 7-day moving averages (MAs) of these two stablecoin indicators over the past couple of years:<\/p>\n

\"Stablecoin<\/p>\n

Looks like the 7-day MA values of the metrics have been elevated in recent days | Source: CryptoQuant<\/a><\/pre>\n
As displayed in the above graph, both the 7-day MA stablecoin exchange inflow mean and outflow mean have seen pretty high values recently, but the former metric’s surge has been much higher.<\/p>\n
A large inflow (or outflow) mean suggests that a lot of the individual transactions taking place must be carrying pretty large amounts (otherwise the average would have been low), thus implying the presence of institutional investors in the market.<\/p>\n
Related Reading: Here Are 3 Factors That Could Drive Bitcoin Higher Than Ethereum<\/a><\/div>\n
These indicators, alone, however, don’t confirm just how big this presence is, as the mean of the inflows can be easily skewed by a few large investors if the total number of inflow transactions itself is low.<\/p>\n
To check for this, there are two other metrics: the “exchange depositing transactions” and the “exchange withdrawing transactions.” The below chart shows the trend in these indicators for stablecoins, as well as how they have apparently influenced the Bitcoin price, over the past two years.<\/p>\n
\"Stablecoins<\/p>\n
Only one of the metrics seems to have been at high levels recently | Source: CryptoQuant<\/a><\/pre>\n
From the graph, it’s apparent that the stablecoin exchange depositing transactions have been high recently, but the withdrawing transactions have been low. The fact that the inflow mean is still high despite such a high number of transactions might confirm that there is decent demand from institutions currently.<\/p>\n
The quant has also marked in the chart what has transpired for the Bitcoin price when such a trend has historically formed. It seems like such demand for converting stables (while demand to withdraw them is absent) has generally had a bullish effect on the price.<\/p>\n
And indeed, following the latest formation of this trend as well, BTC has observed strong upwards momentum and has crossed the $24,000 mark<\/a>.<\/p>\n
Bitcoin Price<\/h2>\n
At the time of writing, Bitcoin is trading around $24,600, up 8% in the last week.<\/p>\n
\"Bitcoin<\/p>\n
BTC has sharply surged in the past 24 hours | Source: BTCUSD on TradingView<\/a><\/pre>\n
Featured image from Kanchanara on Unsplash.com, charts from TradingView.com, CryptoQuant.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Bitcoin has broken above $24,000 in the last 24 hours as on-chain data shows a sharp spike in the stablecoin exchange inflows. Stablecoin Exchange Inflows Have Been Elevated Recently As pointed out by an analyst in a CryptoQuant post, there is likely demand from institutional investors in the market right now. The relevant indicator here is the “stablecoin exchange inflow mean,” which measures the mean amount of stables that are currently being deposited into the wallets of centralized exchanges. When the value of this metric is high, it means the average number of stablecoin tokens flowing into exchanges is quite high right now, suggesting that large players might be involved. Investors usually convert their coins into stables to escape the volatility associated with assets like Bitcoin. When these holders eventually feel that prices are right to jump back into the volatile markets, they generally transfer their stablecoins to exchanges for swapping into their desired coins. This transfer into cryptocurrencies like Bitcoin can provide a bullish effect on their prices. Thus, whenever the stablecoin exchange inflows are elevated, there is a chance that the prices of the assets in the sector may observe a boost. The counterpart indicator to the exchange inflow mean is the exchange outflow mean, which naturally measures the average amount of the stables exiting these platforms. Related Reading: Quant Explains How Bitcoin Derivatives Data Can Be Used For Trading Now, here is a chart that shows the trend in the 7-day moving averages (MAs) of these two stablecoin indicators over the past couple of years: Looks like the 7-day MA values of the metrics have been elevated in recent days | Source: CryptoQuant As displayed in the above graph, both the 7-day MA stablecoin exchange inflow mean and outflow mean have seen pretty high values recently, but the former metric’s surge has been much higher. A large inflow (or outflow) mean suggests that a lot of the individual transactions taking place must be carrying pretty large amounts (otherwise the average would have been low), thus implying the presence of institutional investors in the market. Related Reading: Here Are 3 Factors That Could Drive Bitcoin Higher Than Ethereum These indicators, alone, however, don’t confirm just how big this presence is, as the mean of the inflows can be easily skewed by a few large investors if the total number of inflow transactions itself is low. To check for this, there are two other metrics: the “exchange depositing transactions” and the “exchange withdrawing transactions.” The below chart shows the trend in these indicators for stablecoins, as well as how they have apparently influenced the Bitcoin price, over the past two years. Only one of the metrics seems to have been at high levels recently | Source: CryptoQuant From the graph, it’s apparent that the stablecoin exchange depositing transactions have been high recently, but the withdrawing transactions have been low. The fact that the inflow mean is still high despite such a high number of transactions might confirm that there is decent demand from institutions currently. The quant has also marked in the chart what has transpired for the Bitcoin price when such a trend has historically formed. It seems like such demand for converting stables (while demand to withdraw them is absent) has generally had a bullish effect on the price. And indeed, following the latest formation of this trend as well, BTC has observed strong upwards momentum and has crossed the $24,000 mark. Bitcoin Price At the time of writing, Bitcoin is trading around $24,600, up 8% in the last week. BTC has sharply surged in the past 24 hours | Source: BTCUSD on TradingView Featured image from Kanchanara on Unsplash.com, charts from TradingView.com, CryptoQuant.com<\/p>\n","protected":false},"author":542,"featured_media":519885,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,11680,1119,1144,87687,87688,15241],"class_list":["post-519860","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-bullish","tag-btc","tag-btcusd","tag-stablecoin-inflows","tag-stablecoin-outflows","tag-stablecoins"],"acf":[],"yoast_head":"\nBitcoin Breaks Above $24,000 As Stablecoin Inflows Explode<\/title>\n<meta name=\"description\" content=\"Bitcoin has broken above $24,000 in the last 24 hours as on-chain data shows a sharp spike in the stablecoin exchange inflows. Stablecoin Exchange Inflows\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ktsl888.com\/news\/bitcoin-breaks-24000-stablecoin-inflows-explode\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Breaks Above $24,000 As Stablecoin Inflows Explode\" \/>\n<meta property=\"og:description\" content=\"Bitcoin has broken above $24,000 in the last 24 hours as on-chain data shows a sharp spike in the stablecoin exchange inflows. Stablecoin Exchange Inflows\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ktsl888.com\/news\/bitcoin-breaks-24000-stablecoin-inflows-explode\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-16T14:25:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T14:32:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/02\/kanchanara-rhm7H8X5J98-unsplash-2-scaled.jpg?fit=2560%2C1703\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1703\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Keshav Verma\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/keshavvarma29\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Keshav Verma\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-breaks-24000-stablecoin-inflows-explode\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-breaks-24000-stablecoin-inflows-explode\/\"},\"author\":{\"name\":\"Keshav Verma\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6\"},\"headline\":\"Bitcoin Breaks Above $24,000 As Stablecoin Inflows Explode\",\"datePublished\":\"2023-02-16T14:25:00+00:00\",\"dateModified\":\"2024-06-11T14:32:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-breaks-24000-stablecoin-inflows-explode\/\"},\"wordCount\":576,\"publisher\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-breaks-24000-stablecoin-inflows-explode\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/02\/kanchanara-rhm7H8X5J98-unsplash-2-scaled.jpg?fit=2560%2C1703\",\"keywords\":[\"bitcoin\",\"Bitcoin Bullish\",\"btc\",\"btcusd\",\"Stablecoin Inflows\",\"Stablecoin Outflows\",\"Stablecoins\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-breaks-24000-stablecoin-inflows-explode\/\",\"url\":\"https:\/\/ktsl888.com\/news\/bitcoin-breaks-24000-stablecoin-inflows-explode\/\",\"name\":\"Bitcoin Breaks Above $24,000 As Stablecoin Inflows Explode\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-breaks-24000-stablecoin-inflows-explode\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-breaks-24000-stablecoin-inflows-explode\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/02\/kanchanara-rhm7H8X5J98-unsplash-2-scaled.jpg?fit=2560%2C1703\",\"datePublished\":\"2023-02-16T14:25:00+00:00\",\"dateModified\":\"2024-06-11T14:32:34+00:00\",\"description\":\"Bitcoin has broken above $24,000 in the last 24 hours as on-chain data shows a sharp spike in the stablecoin exchange inflows. Stablecoin Exchange Inflows\",\"breadcrumb\":{\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-breaks-24000-stablecoin-inflows-explode\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ktsl888.com\/news\/bitcoin-breaks-24000-stablecoin-inflows-explode\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-breaks-24000-stablecoin-inflows-explode\/#primaryimage\",\"url\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/02\/kanchanara-rhm7H8X5J98-unsplash-2-scaled.jpg?fit=2560%2C1703\",\"contentUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/02\/kanchanara-rhm7H8X5J98-unsplash-2-scaled.jpg?fit=2560%2C1703\",\"width\":2560,\"height\":1703},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-breaks-24000-stablecoin-inflows-explode\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ktsl888.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Breaks Above $24,000 As Stablecoin Inflows Explode\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ktsl888.com\/#website\",\"url\":\"https:\/\/ktsl888.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ktsl888.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ktsl888.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/ktsl888.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6\",\"name\":\"Keshav Verma\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g\",\"caption\":\"Keshav Verma\"},\"description\":\"Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. 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\u2019s 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\u2019t 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\u2019t 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.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/keshavverma29\/\",\"https:\/\/x.com\/https:\/\/twitter.com\/keshavvarma29\"],\"url\":\"https:\/\/ktsl888.com\/author\/hououinkyouma29\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin Breaks Above $24,000 As Stablecoin Inflows Explode","description":"Bitcoin has broken above $24,000 in the last 24 hours as on-chain data shows a sharp spike in the stablecoin exchange inflows. Stablecoin Exchange Inflows","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ktsl888.com\/news\/bitcoin-breaks-24000-stablecoin-inflows-explode\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Breaks Above $24,000 As Stablecoin Inflows Explode","og_description":"Bitcoin has broken above $24,000 in the last 24 hours as on-chain data shows a sharp spike in the stablecoin exchange inflows. Stablecoin Exchange Inflows","og_url":"https:\/\/ktsl888.com\/news\/bitcoin-breaks-24000-stablecoin-inflows-explode\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2023-02-16T14:25:00+00:00","article_modified_time":"2024-06-11T14:32:34+00:00","og_image":[{"width":2560,"height":1703,"url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/02\/kanchanara-rhm7H8X5J98-unsplash-2-scaled.jpg?fit=2560%2C1703","type":"image\/jpeg"}],"author":"Keshav Verma","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/keshavvarma29","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Keshav Verma","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/ktsl888.com\/news\/bitcoin-breaks-24000-stablecoin-inflows-explode\/#article","isPartOf":{"@id":"https:\/\/ktsl888.com\/news\/bitcoin-breaks-24000-stablecoin-inflows-explode\/"},"author":{"name":"Keshav Verma","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6"},"headline":"Bitcoin Breaks Above $24,000 As Stablecoin Inflows Explode","datePublished":"2023-02-16T14:25:00+00:00","dateModified":"2024-06-11T14:32:34+00:00","mainEntityOfPage":{"@id":"https:\/\/ktsl888.com\/news\/bitcoin-breaks-24000-stablecoin-inflows-explode\/"},"wordCount":576,"publisher":{"@id":"https:\/\/ktsl888.com\/#organization"},"image":{"@id":"https:\/\/ktsl888.com\/news\/bitcoin-breaks-24000-stablecoin-inflows-explode\/#primaryimage"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/02\/kanchanara-rhm7H8X5J98-unsplash-2-scaled.jpg?fit=2560%2C1703","keywords":["bitcoin","Bitcoin Bullish","btc","btcusd","Stablecoin Inflows","Stablecoin Outflows","Stablecoins"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/ktsl888.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/ktsl888.com\/news\/bitcoin-breaks-24000-stablecoin-inflows-explode\/","url":"https:\/\/ktsl888.com\/news\/bitcoin-breaks-24000-stablecoin-inflows-explode\/","name":"Bitcoin Breaks Above $24,000 As Stablecoin Inflows Explode","isPartOf":{"@id":"https:\/\/ktsl888.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ktsl888.com\/news\/bitcoin-breaks-24000-stablecoin-inflows-explode\/#primaryimage"},"image":{"@id":"https:\/\/ktsl888.com\/news\/bitcoin-breaks-24000-stablecoin-inflows-explode\/#primaryimage"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/02\/kanchanara-rhm7H8X5J98-unsplash-2-scaled.jpg?fit=2560%2C1703","datePublished":"2023-02-16T14:25:00+00:00","dateModified":"2024-06-11T14:32:34+00:00","description":"Bitcoin has broken above $24,000 in the last 24 hours as on-chain data shows a sharp spike in the stablecoin exchange inflows. Stablecoin Exchange Inflows","breadcrumb":{"@id":"https:\/\/ktsl888.com\/news\/bitcoin-breaks-24000-stablecoin-inflows-explode\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ktsl888.com\/news\/bitcoin-breaks-24000-stablecoin-inflows-explode\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/news\/bitcoin-breaks-24000-stablecoin-inflows-explode\/#primaryimage","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/02\/kanchanara-rhm7H8X5J98-unsplash-2-scaled.jpg?fit=2560%2C1703","contentUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/02\/kanchanara-rhm7H8X5J98-unsplash-2-scaled.jpg?fit=2560%2C1703","width":2560,"height":1703},{"@type":"BreadcrumbList","@id":"https:\/\/ktsl888.com\/news\/bitcoin-breaks-24000-stablecoin-inflows-explode\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ktsl888.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin Breaks Above $24,000 As Stablecoin Inflows Explode"}]},{"@type":"WebSite","@id":"https:\/\/ktsl888.com\/#website","url":"https:\/\/ktsl888.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/ktsl888.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ktsl888.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ktsl888.com\/#organization","name":"NewsBTC","url":"https:\/\/ktsl888.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6","name":"Keshav Verma","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g","caption":"Keshav Verma"},"description":"Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. 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\u2019s 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\u2019t 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\u2019t 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.","sameAs":["https:\/\/www.linkedin.com\/in\/keshavverma29\/","https:\/\/x.com\/https:\/\/twitter.com\/keshavvarma29"],"url":"https:\/\/ktsl888.com\/author\/hououinkyouma29\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Breaks Above $24,000 As Stablecoin Inflows Explode","url":"http:\/\/ktsl888.com\/news\/bitcoin-breaks-24000-stablecoin-inflows-explode\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/bitcoin-breaks-24000-stablecoin-inflows-explode\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/02\/kanchanara-rhm7H8X5J98-unsplash-2-scaled.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/02\/kanchanara-rhm7H8X5J98-unsplash-2-scaled.jpg?fit=2560%2C1703"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Keshav Verma"}],"creator":["Keshav Verma"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin bullish","btc","btcusd","stablecoin inflows","stablecoin outflows","stablecoins"],"dateCreated":"2023-02-16T14:25:00Z","datePublished":"2023-02-16T14:25:00Z","dateModified":"2024-06-11T14:32:34Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Breaks Above $24,000 As Stablecoin Inflows Explode\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-breaks-24000-stablecoin-inflows-explode\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-breaks-24000-stablecoin-inflows-explode\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/kanchanara-rhm7H8X5J98-unsplash-2-scaled.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/kanchanara-rhm7H8X5J98-unsplash-2-scaled.jpg?fit=2560%2C1703\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Keshav Verma\"}],\"creator\":[\"Keshav Verma\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin bullish\",\"btc\",\"btcusd\",\"stablecoin inflows\",\"stablecoin outflows\",\"stablecoins\"],\"dateCreated\":\"2023-02-16T14:25:00Z\",\"datePublished\":\"2023-02-16T14:25:00Z\",\"dateModified\":\"2024-06-11T14:32:34Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/02\/kanchanara-rhm7H8X5J98-unsplash-2-scaled.jpg?fit=2560%2C1703","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/519860"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/542"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=519860"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/519860\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/519885"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=519860"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=519860"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=519860"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}