It is a chart published by Will Clemente which is being discussed right now on twitter:
Apparently, the total sum of relevant stable-coins divided by the total market cap would indicate that these have reached their maximum accumulation and so, in theory, according to historical data, a new rally should be about to start...
Although the relationship seems evident, we also do not know how many of these stablecoins have disappeared in the form of FIAT money.
And also, I think that for the price of BTC to rise, not only must these stablecoins be "transformed" into BTC, but there must also be FIAT entries from abroad to the market buying crypto in general, and I haven't seen this yet...
It must also be said that perhaps we do not have enough historical data to corroborate this effect. Above all, we have never been so close to an economic recession in the history of crypto.
Anyway, it's interesting to see if the prediction comes true...
What do you think?
@toofasteddie