TechFlow reports, on November 1, CryptoQuant CEO Ki Young Ju posted on social media pointing out that current stablecoin reserves are insufficient to provide adequate buyer liquidity support for Bitcoin. Data shows the Bitcoin-to-stablecoin reserve ratio has reached 6.05, meaning Bitcoin reserves are six times larger than stablecoin reserves—a level similar to the previous all-time high period. Ki Young Ju emphasized that over the coming months, inflows into spot ETFs and dollar liquidity on the Coinbase platform will become key factors influencing the market.
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