Stablecoin Liquidity Recovery May Signal Bitcoin Price Support

BroadChain has learned that at 16:16 on April 20, according to TechFlow, independent analyst Markus Thielen's chart analysis shows that since October last year, Bitcoin has been continuously adjusting, while Tether's market cap has long hovered around $183 billion, indicating a lack of new capital in the market. Recently, the situation has changed, with Tether adding approximately $3 billion in circulation, bringing its market cap back to $187 billion. The overall stablecoin market cap has risen, showing signs of improving market liquidity. The analyst pointed out that, combined with other capital flow indicators, the signal direction is trending positive but still in its early stages. Such marginal improvements often precede price performance. If this trend continues in the coming weeks, it is expected to provide support for Bitcoin's price.