TechFlow news, cryptocurrency research firm 10x Research pointed out that monitoring and analyzing crypto fund flows is crucial for assessing market conditions, which could act as catalysts or resistance factors for Bitcoin and other cryptocurrencies. The firm stated that since early April 2024, broad fund flows have largely stalled, leading to subsequent price corrections. However, a recovery in certain fund flows helped support prices near the bottom. 10x Research emphasized the importance of monitoring the sustainability of these fund flows, as rallies often lose momentum without sustained backing.
Last night, Tether minted $1 billion worth of USDT, but it appears to be for inventory buildup rather than immediate issuance. Notably, earlier last week, Tether and Circle issued nearly $2.8 billion in stablecoins, indicating that some institutional investors are injecting fresh capital into the crypto market. It believes that if this issuance trend continues, Bitcoin could rise further.
