{"id":542899,"date":"2023-07-17T14:30:33","date_gmt":"2023-07-17T14:30:33","guid":{"rendered":"https:\/\/ktsl888.com\/?p=542899"},"modified":"2024-06-11T11:14:47","modified_gmt":"2024-06-11T11:14:47","slug":"stablecoin-exchange-deposits-remain-low-mean-bitcoin","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/stablecoin-exchange-deposits-remain-low-mean-bitcoin\/","title":{"rendered":"Stablecoin Exchange Deposits Remain Low, What Does It Mean For Bitcoin?"},"content":{"rendered":"

On-chain data shows the stablecoin exchange deposits have remained low recently. Here’s what this may mean for Bitcoin.<\/p>\n

Stablecoin Exchange Deposits Stay Low, While Withdrawals Jump<\/h2>\n

As pointed out by an analyst in a CryptoQuant post<\/a>, the fact that the stablecoin exchange withdrawals have spiked while deposits have stayed low may be slightly alarming for BTC.<\/p>\n

There are two indicators of relevance here: the “stablecoin exchange withdrawing transactions” and the “stablecoin exchange depositing transactions.” As their names already imply, these metrics track the total number of withdrawals and deposit transfers, respectively, that investors of the ERC-20 stables are making right now.<\/p>\n

Generally, investors seek the safety of these fiat-tied tokens<\/a> whenever they want to escape the volatility associated with the other assets in the sector. Eventually, when these holders think that the prices are right to jump back into the volatile markets, they swap their stables back for their desired cryptocurrency.<\/p>\n

These investors usually make use of centralized exchanges for this purpose. So, when the exchange withdrawing transactions are high, it can be a sign that holders are exchanging coins like Bitcoin for stablecoins right now.<\/p>\n

Related Reading: Here\u2019s What On-Chain Data Reveals About XRP Rally<\/a><\/div>\n

On the other hand, the deposits being high can imply these investors are looking to buy volatile assets using their stables. Naturally, in the former case, Bitcoin and others may feel a bearish effect from the selling, while in the latter case, the prices might see a bullish boost<\/a>.<\/p>\n

Now, here is a chart that shows the trend in the stablecoin exchange withdrawing and depositing transactions over the past couple of years:<\/p>\n

\"Stablecoin<\/p>\n

Looks like only one of these two metrics has had a high value recently | Source: CryptoQuant<\/a><\/pre>\n
As displayed in the above graph, the stablecoin exchange depositing transactions metric has been relatively low for a while now. This would suggest that there may not be enough demand for converting stables into other assets right now.<\/p>\n
From the graph, it’s visible that the last time the indicator spiked was back in March of this year. Following the deposits back then, Bitcoin observed a sharp rebound in its price as the rally saw a revival. The timing of these inflows might mean that it was the buying from these stablecoin holders that had provided the fuel for the BTC surge.<\/p>\n
Related Reading: Bitcoin MVRV At Critical Level: Will A Break Happen?<\/a><\/div>\n
In the graph, the quant has marked other similar past instances as well. It looks like the BTC price generally observes a rise after stablecoin deposits spike, given that the withdrawals are low at the same time.<\/p>\n
Recently, however, only the stablecoin withdrawals have observed a spike, implying that investors are taking these tokens away from exchanges, likely to hold onto them for extended periods in self-custody.<\/p>\n
As there aren’t any deposits happening to counteract this, the BTC price has been struggling<\/a> recently. If the trend continues and more stablecoin withdrawals continue to take place, it’s possible that the cryptocurrency could take a hit in the short term.<\/p>\n
Bitcoin Price<\/h2>\n
At the time of writing, Bitcoin is trading around $30,200, up 1% in the last week.<\/p>\n
\"Bitcoin<\/p>\n
BTC has taken a hit recently | Source: BTCUSD on TradingView<\/a><\/pre>\n
Featured image from iStock.com, charts from TradingView.com, CryptoQuant.com<\/div>\n","protected":false},"excerpt":{"rendered":"
On-chain data shows the stablecoin exchange deposits have remained low recently. Here’s what this may mean for Bitcoin. Stablecoin Exchange Deposits Stay Low, While Withdrawals Jump As pointed out by an analyst in a CryptoQuant post, the fact that the stablecoin exchange withdrawals have spiked while deposits have stayed low may be slightly alarming for BTC. There are two indicators of relevance here: the “stablecoin exchange withdrawing transactions” and the “stablecoin exchange depositing transactions.” As their names already imply, these metrics track the total number of withdrawals and deposit transfers, respectively, that investors of the ERC-20 stables are making right now. Generally, investors seek the safety of these fiat-tied tokens whenever they want to escape the volatility associated with the other assets in the sector. Eventually, when these holders think that the prices are right to jump back into the volatile markets, they swap their stables back for their desired cryptocurrency. These investors usually make use of centralized exchanges for this purpose. So, when the exchange withdrawing transactions are high, it can be a sign that holders are exchanging coins like Bitcoin for stablecoins right now. Related Reading: Here\u2019s What On-Chain Data Reveals About XRP Rally On the other hand, the deposits being high can imply these investors are looking to buy volatile assets using their stables. Naturally, in the former case, Bitcoin and others may feel a bearish effect from the selling, while in the latter case, the prices might see a bullish boost. Now, here is a chart that shows the trend in the stablecoin exchange withdrawing and depositing transactions over the past couple of years: Looks like only one of these two metrics has had a high value recently | Source: CryptoQuant As displayed in the above graph, the stablecoin exchange depositing transactions metric has been relatively low for a while now. This would suggest that there may not be enough demand for converting stables into other assets right now. From the graph, it’s visible that the last time the indicator spiked was back in March of this year. Following the deposits back then, Bitcoin observed a sharp rebound in its price as the rally saw a revival. The timing of these inflows might mean that it was the buying from these stablecoin holders that had provided the fuel for the BTC surge. Related Reading: Bitcoin MVRV At Critical Level: Will A Break Happen? In the graph, the quant has marked other similar past instances as well. It looks like the BTC price generally observes a rise after stablecoin deposits spike, given that the withdrawals are low at the same time. Recently, however, only the stablecoin withdrawals have observed a spike, implying that investors are taking these tokens away from exchanges, likely to hold onto them for extended periods in self-custody. As there aren’t any deposits happening to counteract this, the BTC price has been struggling recently. If the trend continues and more stablecoin withdrawals continue to take place, it’s possible that the cryptocurrency could take a hit in the short term. Bitcoin Price At the time of writing, Bitcoin is trading around $30,200, up 1% in the last week. BTC has taken a hit recently | Source: BTCUSD on TradingView Featured image from iStock.com, charts from TradingView.com, CryptoQuant.com<\/p>\n","protected":false},"author":542,"featured_media":542931,"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":[428,1119,1144,11164,88638,88639],"class_list":["post-542899","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-btcusd","tag-stablecoin","tag-stablecoin-exchange-deposits","tag-stablecoin-exchange-withdrawals"],"acf":[],"yoast_head":"\nStablecoin Exchange Deposits Remain Low, What Does It Mean For Bitcoin?<\/title>\n<meta name=\"description\" content=\"On-chain data shows the stablecoin exchange deposits have remained low recently. Here's what this may mean for Bitcoin.\" \/>\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\/stablecoin-exchange-deposits-remain-low-mean-bitcoin\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stablecoin Exchange Deposits Remain Low, What Does It Mean For Bitcoin?\" \/>\n<meta property=\"og:description\" content=\"On-chain data shows the stablecoin exchange deposits have remained low recently. Here's what this may mean for Bitcoin.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ktsl888.com\/news\/stablecoin-exchange-deposits-remain-low-mean-bitcoin\/\" \/>\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=\"2023-07-17T14:30:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T11:14:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/iStock-1359416693.jpg?fit=2309%2C1299\" \/>\n\t<meta property=\"og:image:width\" content=\"2309\" \/>\n\t<meta property=\"og:image:height\" content=\"1299\" \/>\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=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/ktsl888.com\/news\/stablecoin-exchange-deposits-remain-low-mean-bitcoin\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/news\/stablecoin-exchange-deposits-remain-low-mean-bitcoin\/\"},\"author\":{\"name\":\"Keshav Verma\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6\"},\"headline\":\"Stablecoin Exchange Deposits Remain Low, What Does It Mean For Bitcoin?\",\"datePublished\":\"2023-07-17T14:30:33+00:00\",\"dateModified\":\"2024-06-11T11:14:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/stablecoin-exchange-deposits-remain-low-mean-bitcoin\/\"},\"wordCount\":531,\"publisher\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/stablecoin-exchange-deposits-remain-low-mean-bitcoin\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/iStock-1359416693.jpg?fit=2309%2C1299\",\"keywords\":[\"bitcoin\",\"btc\",\"btcusd\",\"stablecoin\",\"Stablecoin Exchange Deposits\",\"Stablecoin Exchange Withdrawals\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ktsl888.com\/news\/stablecoin-exchange-deposits-remain-low-mean-bitcoin\/\",\"url\":\"https:\/\/ktsl888.com\/news\/stablecoin-exchange-deposits-remain-low-mean-bitcoin\/\",\"name\":\"Stablecoin Exchange Deposits Remain Low, What Does It Mean For Bitcoin?\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/stablecoin-exchange-deposits-remain-low-mean-bitcoin\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/stablecoin-exchange-deposits-remain-low-mean-bitcoin\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/iStock-1359416693.jpg?fit=2309%2C1299\",\"datePublished\":\"2023-07-17T14:30:33+00:00\",\"dateModified\":\"2024-06-11T11:14:47+00:00\",\"description\":\"On-chain data shows the stablecoin exchange deposits have remained low recently. Here's what this may mean for Bitcoin.\",\"breadcrumb\":{\"@id\":\"https:\/\/ktsl888.com\/news\/stablecoin-exchange-deposits-remain-low-mean-bitcoin\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ktsl888.com\/news\/stablecoin-exchange-deposits-remain-low-mean-bitcoin\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/news\/stablecoin-exchange-deposits-remain-low-mean-bitcoin\/#primaryimage\",\"url\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/iStock-1359416693.jpg?fit=2309%2C1299\",\"contentUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/iStock-1359416693.jpg?fit=2309%2C1299\",\"width\":2309,\"height\":1299,\"caption\":\"abstract background of MACD indicator technical analysis graph\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ktsl888.com\/news\/stablecoin-exchange-deposits-remain-low-mean-bitcoin\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ktsl888.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Stablecoin Exchange Deposits Remain Low, What Does It Mean For Bitcoin?\"}]},{\"@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":"Stablecoin Exchange Deposits Remain Low, What Does It Mean For Bitcoin?","description":"On-chain data shows the stablecoin exchange deposits have remained low recently. Here's what this may mean for Bitcoin.","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\/stablecoin-exchange-deposits-remain-low-mean-bitcoin\/","og_locale":"en_US","og_type":"article","og_title":"Stablecoin Exchange Deposits Remain Low, What Does It Mean For Bitcoin?","og_description":"On-chain data shows the stablecoin exchange deposits have remained low recently. Here's what this may mean for Bitcoin.","og_url":"https:\/\/ktsl888.com\/news\/stablecoin-exchange-deposits-remain-low-mean-bitcoin\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2023-07-17T14:30:33+00:00","article_modified_time":"2024-06-11T11:14:47+00:00","og_image":[{"width":2309,"height":1299,"url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/iStock-1359416693.jpg?fit=2309%2C1299","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":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/ktsl888.com\/news\/stablecoin-exchange-deposits-remain-low-mean-bitcoin\/#article","isPartOf":{"@id":"https:\/\/ktsl888.com\/news\/stablecoin-exchange-deposits-remain-low-mean-bitcoin\/"},"author":{"name":"Keshav Verma","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6"},"headline":"Stablecoin Exchange Deposits Remain Low, What Does It Mean For Bitcoin?","datePublished":"2023-07-17T14:30:33+00:00","dateModified":"2024-06-11T11:14:47+00:00","mainEntityOfPage":{"@id":"https:\/\/ktsl888.com\/news\/stablecoin-exchange-deposits-remain-low-mean-bitcoin\/"},"wordCount":531,"publisher":{"@id":"https:\/\/ktsl888.com\/#organization"},"image":{"@id":"https:\/\/ktsl888.com\/news\/stablecoin-exchange-deposits-remain-low-mean-bitcoin\/#primaryimage"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/iStock-1359416693.jpg?fit=2309%2C1299","keywords":["bitcoin","btc","btcusd","stablecoin","Stablecoin Exchange Deposits","Stablecoin Exchange Withdrawals"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/ktsl888.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/ktsl888.com\/news\/stablecoin-exchange-deposits-remain-low-mean-bitcoin\/","url":"https:\/\/ktsl888.com\/news\/stablecoin-exchange-deposits-remain-low-mean-bitcoin\/","name":"Stablecoin Exchange Deposits Remain Low, What Does It Mean For Bitcoin?","isPartOf":{"@id":"https:\/\/ktsl888.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ktsl888.com\/news\/stablecoin-exchange-deposits-remain-low-mean-bitcoin\/#primaryimage"},"image":{"@id":"https:\/\/ktsl888.com\/news\/stablecoin-exchange-deposits-remain-low-mean-bitcoin\/#primaryimage"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/iStock-1359416693.jpg?fit=2309%2C1299","datePublished":"2023-07-17T14:30:33+00:00","dateModified":"2024-06-11T11:14:47+00:00","description":"On-chain data shows the stablecoin exchange deposits have remained low recently. Here's what this may mean for Bitcoin.","breadcrumb":{"@id":"https:\/\/ktsl888.com\/news\/stablecoin-exchange-deposits-remain-low-mean-bitcoin\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ktsl888.com\/news\/stablecoin-exchange-deposits-remain-low-mean-bitcoin\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/news\/stablecoin-exchange-deposits-remain-low-mean-bitcoin\/#primaryimage","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/iStock-1359416693.jpg?fit=2309%2C1299","contentUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/iStock-1359416693.jpg?fit=2309%2C1299","width":2309,"height":1299,"caption":"abstract background of MACD indicator technical analysis graph"},{"@type":"BreadcrumbList","@id":"https:\/\/ktsl888.com\/news\/stablecoin-exchange-deposits-remain-low-mean-bitcoin\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ktsl888.com\/"},{"@type":"ListItem","position":2,"name":"Stablecoin Exchange Deposits Remain Low, What Does It Mean For Bitcoin?"}]},{"@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":"Stablecoin Exchange Deposits Remain Low, What Does It Mean For Bitcoin?","url":"http:\/\/ktsl888.com\/news\/stablecoin-exchange-deposits-remain-low-mean-bitcoin\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/stablecoin-exchange-deposits-remain-low-mean-bitcoin\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/iStock-1359416693.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/iStock-1359416693.jpg?fit=2309%2C1299"},"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","btc","btcusd","stablecoin","stablecoin exchange deposits","stablecoin exchange withdrawals"],"dateCreated":"2023-07-17T14:30:33Z","datePublished":"2023-07-17T14:30:33Z","dateModified":"2024-06-11T11:14:47Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Stablecoin Exchange Deposits Remain Low, What Does It Mean For Bitcoin?\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/stablecoin-exchange-deposits-remain-low-mean-bitcoin\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/stablecoin-exchange-deposits-remain-low-mean-bitcoin\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/iStock-1359416693.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/iStock-1359416693.jpg?fit=2309%2C1299\"},\"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\",\"btc\",\"btcusd\",\"stablecoin\",\"stablecoin exchange deposits\",\"stablecoin exchange withdrawals\"],\"dateCreated\":\"2023-07-17T14:30:33Z\",\"datePublished\":\"2023-07-17T14:30:33Z\",\"dateModified\":\"2024-06-11T11:14:47Z\"}<\/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\/07\/iStock-1359416693.jpg?fit=2309%2C1299","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/542899"}],"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=542899"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/542899\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/542931"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=542899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=542899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=542899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}