Bitcoin's Big Move Might Trigger $1 Billion Liquidations, Analyst Warns BTC Bears

2024-1-30 18:00

This scenario might trigger short squeeze

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Could a new surge in TUSD supply trigger another Bitcoin rally?

The circulating supply of TrueUSD (TUSD), a highly liquid stablecoin, has seen a significant increase of almost $250 million between July 29 and July 30. While this might appear as a minor uptick for a stablecoin with a circulating supply exceeding $3 billion, historical data suggests that notable price rallies have often followed such spikes […] The post Could a new surge in TUSD supply trigger another Bitcoin rally? appeared first on CryptoSlate.

2023-8-1 21:45