CryptoQuant Analyst's Review of Bitcoin for 2024: The Environment is Ready for a Rise! - Coin Bulletin

In the correction period of March 2024, it is noted that the stablecoin supply has shown an increase and that there is a ready environment for a rapid rise in the market.

DanCoinInvestor from CryptoQuant examined the differences between the March 2024 correction and the current market. He emphasized that during the current correction process, the supply of stablecoin continues to increase, which means "potential buying pressure".

During the past correction period between March-October 2024, the stablecoin supply was on a decreasing trend, which led to a longer correction process. However, in the current correction process, the stablecoin supply is increasing, creating buying pressure. This indicates that the market is ready to move rapidly upward with a strong catalyst.

In the market, investors are once again reminded that they need to be patient. It is stated that it is still early to say that the rise cycle has ended and that the current situation is a process worth watching.