{"id":650605,"date":"2024-10-30T04:30:19","date_gmt":"2024-10-30T04:30:19","guid":{"rendered":"https:\/\/wncen.com\/?p=650605"},"modified":"2024-10-29T16:20:05","modified_gmt":"2024-10-29T16:20:05","slug":"stablecoins-signal-strong-bitcoin-demand-could-btc-renew-its-ath-soon","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin\/stablecoins-signal-strong-bitcoin-demand-could-btc-renew-its-ath-soon\/","title":{"rendered":"Stablecoins Signal Strong Bitcoin Demand: Could BTC Renew Its ATH Soon?"},"content":{"rendered":"<p data-pm-slice=\"1 1 []\">The recent activity in Bitcoin price and demand metrics suggests a potential resurgence in <a href=\"https:\/\/wncen.com\/bitcoin-news\/metaplanets-total-bitcoin-holdings-exceed-1000-btc-following-latest-purchase\/\" target=\"_blank\" rel=\"noopener \">market interest<\/a>, which could lead to a renewed all-time high.<\/p>\n<p data-pm-slice=\"1 1 []\">So far, Bitcoin has recently achieved a significant price rebound, reclaiming a trading level above $70,000 after a sustained period of resistance just below this price mark. This uptrend follows a 5% increase over the past 24 hours, positioning Bitcoin for $71,933 at the time of writing.<\/p>\n<p data-pm-slice=\"1 1 []\">One factor influencing this rally is a <a href=\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-dominates-3-4-billion-october-crypto-inflows-whats-behind-the-boom\/\" target=\"_blank\" rel=\"noopener \">heightened demand<\/a> reflected in stablecoin movements, a metric often used to gauge market sentiment and potential buy-in for Bitcoin, CryptoQuant analyst BinhDang highlighted this in a recent <a href=\"https:\/\/cryptoquant.com\/insights\/quicktake\/67207a9a1336e76f6a8cd9a3-Stablecoin-Supply-Ratio-Oscillator-indicat%C3%A9-high-demands-coming-back\" target=\"_blank\" rel=\"noopener nofollow\">post<\/a> on the CryptoQuant QuickTake Platform.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-hash-ribbons-flash-buy-signal-analysts-see-new-highs-on-the-horizon\/\" target=\"_blank\" rel=\"noopener \">Bitcoin Hash Ribbons Flash \u2018Buy\u2019 Signal: Analysts See New Highs On The Horizon<\/a><\/div>\n<p data-pm-slice=\"1 1 []\"><span style=\"color: #1d1f20;font-size: 1.953em\">Stablecoin Supply Ratio Oscillator Reflects Demand Surge<\/span><\/p>\n<p data-pm-slice=\"1 1 []\">BinhDang highlighted that the Stablecoin Supply Ratio Oscillator (SSRO) has reached levels previously seen during Bitcoin\u2019s lows, notably those observed in November 2022.<\/p>\n<figure style=\"width: 1280px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/img.cryptoquant.com\/254665\/quicktake\/VFfOyGF_3a7fd09456b77eb0d45278c4efb513ef7fc91503e966be98931aa25a05b58c2c.png?resize=1280%2C720&#038;ssl=1\" alt=\"Stablecoin supply ratio indicator. |\" width=\"1280\" height=\"720\"><figcaption class=\"wp-caption-text\">Stablecoin supply ratio indicator. | Source: CryptoQuant<\/figcaption><\/figure>\n<p data-pm-slice=\"1 1 []\">The analyst noted:<\/p>\n<blockquote>\n<p data-pm-slice=\"1 1 []\">Since Bitcoin bottomed in November 2022, the 90-day and 200-day oscillators have seen lows similar to that bottom during the 3 months of Q3 2024.<\/p>\n<\/blockquote>\n<p data-pm-slice=\"1 1 []\">Notably, the SSRO tool, which gauges the ratio of Bitcoin&#8217;s market cap to that of prominent stablecoins like USDT, USDC, BUSD, and others, is a barometer for tracking Bitcoin&#8217;s demand relative to stablecoin supply.<\/p>\n<p data-pm-slice=\"1 1 []\">The oscillator measures the extent to which stablecoins, commonly used for Bitcoin purchases, flow into Bitcoin and thus signal<a href=\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-hash-ribbons-flash-buy-signal-analysts-see-new-highs-on-the-horizon\/\" target=\"_blank\" rel=\"noopener \"> purchasing interest<\/a>.<\/p>\n<p data-pm-slice=\"1 1 []\">When the oscillator shows low values, as it did during Bitcoin\u2019s November 2022 low, it implies that stablecoins are more likely to be converted into Bitcoin, increasing demand.<\/p>\n<p data-pm-slice=\"1 1 []\">This trend has resulted in Bitcoin crossing the $70,000 threshold, encouraging investor sentiment and speculation regarding<a href=\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-triggers-golden-cross-what-this-means-for-the-crypto-trend\/\" target=\"_blank\" rel=\"noopener \"> potential future highs<\/a>.<\/p>\n<h2 data-pm-slice=\"1 1 []\">New Bitcoin ATH On The Horizon?<\/h2>\n<p data-pm-slice=\"1 1 []\">According to BinhDang,\u00a0<span style=\"margin: 0px;padding: 0px\">BTC could continue its upward movement if the demand holds steady and aligns with favorable macroeconomic data or upcoming election insights<\/span>. BinhDang wrote:<\/p>\n<blockquote>\n<p data-pm-slice=\"1 1 []\">SSRO indicates high demands on the average quarterly data set (90d), breaking above the positive 2-points. If demand continues to sustain and the announcements and news in early November include some favorable macro and election data, a move to and break above the positive 3-points is possible.<\/p>\n<\/blockquote>\n<p data-pm-slice=\"1 1 []\">The analyst notes that a rise above the SSRO\u2019s positive three-point level has coincided with strong bullish cycles in previous periods, specifically in January 2023, October 2023, and February 2024.<\/p>\n<p data-pm-slice=\"1 1 []\">While BTC has consistently seen increases in price over the past days touching nearly $72,000 today, the asset&#8217;s daily trading volume has been on the same trend.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-triggers-golden-cross-what-this-means-for-the-crypto-trend\/\" target=\"_blank\" rel=\"noopener \">Bitcoin Triggers Golden Cross: What This Means For The Crypto Trend<\/a><\/div>\n<p data-pm-slice=\"1 1 []\">Particularly<span style=\"margin: 0px;padding: 0px\">,\u00a0<a href=\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\" target=\"_blank\" rel=\"noopener nofollow\">data<\/a> from CoinGecko shows that in the past 7 days, Bitcoin&#8217;s 24-hour trading volume has risen from below $35 billion, as\u00a0<\/span>seen last Tuesday, to as high as $51.6 billion.<\/p>\n<figure style=\"width: 2770px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/XR1zsMEm\/\" alt=\"Bitcoin (BTC) price chart on TradingView\" width=\"2770\" height=\"1556\"><figcaption class=\"wp-caption-text\">BTC price is moving upwards on the 2-hour chart. Source: BTC\/USDT on<a href=\"https:\/\/www.tradingview.com\/chart\/HSuSIPeM\/?symbol=OANDA%3AXAUUSD\" target=\"_blank\" rel=\"noopener nofollow\"> TradingView.com<\/a><\/figcaption><\/figure>\n<p data-pm-slice=\"1 1 []\">Featured image created with DALL-E, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The recent activity in Bitcoin price and demand metrics suggests a potential resurgence in market interest, which could lead to a renewed all-time high. So far, Bitcoin has recently achieved a significant price rebound, reclaiming a trading level above $70,000 after a sustained period of resistance just below this price mark. This uptrend follows a 5% increase over the past 24 hours, positioning Bitcoin for $71,933 at the time of writing. One factor influencing this rally is a heightened demand reflected in stablecoin movements, a metric often used to gauge market sentiment and potential buy-in for Bitcoin, CryptoQuant analyst BinhDang highlighted this in a recent post on the CryptoQuant QuickTake Platform. Related Reading: Bitcoin Hash Ribbons Flash \u2018Buy\u2019 Signal: Analysts See New Highs On The Horizon Stablecoin Supply Ratio Oscillator Reflects Demand Surge BinhDang highlighted that the Stablecoin Supply Ratio Oscillator (SSRO) has reached levels previously seen during Bitcoin\u2019s lows, notably those observed in November 2022. The analyst noted: Since Bitcoin bottomed in November 2022, the 90-day and 200-day oscillators have seen lows similar to that bottom during the 3 months of Q3 2024. Notably, the SSRO tool, which gauges the ratio of Bitcoin&#8217;s market cap to that of prominent stablecoins like USDT, USDC, BUSD, and others, is a barometer for tracking Bitcoin&#8217;s demand relative to stablecoin supply. The oscillator measures the extent to which stablecoins, commonly used for Bitcoin purchases, flow into Bitcoin and thus signal purchasing interest. When the oscillator shows low values, as it did during Bitcoin\u2019s November 2022 low, it implies that stablecoins are more likely to be converted into Bitcoin, increasing demand. This trend has resulted in Bitcoin crossing the $70,000 threshold, encouraging investor sentiment and speculation regarding potential future highs. New Bitcoin ATH On The Horizon? According to BinhDang,\u00a0BTC could continue its upward movement if the demand holds steady and aligns with favorable macroeconomic data or upcoming election insights. BinhDang wrote: SSRO indicates high demands on the average quarterly data set (90d), breaking above the positive 2-points. If demand continues to sustain and the announcements and news in early November include some favorable macro and election data, a move to and break above the positive 3-points is possible. The analyst notes that a rise above the SSRO\u2019s positive three-point level has coincided with strong bullish cycles in previous periods, specifically in January 2023, October 2023, and February 2024. While BTC has consistently seen increases in price over the past days touching nearly $72,000 today, the asset&#8217;s daily trading volume has been on the same trend. Related Reading: Bitcoin Triggers Golden Cross: What This Means For The Crypto Trend Particularly,\u00a0data from CoinGecko shows that in the past 7 days, Bitcoin&#8217;s 24-hour trading volume has risen from below $35 billion, as\u00a0seen last Tuesday, to as high as $51.6 billion. Featured image created with DALL-E, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":650606,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651],"tags":[428,11650,680,93297,1119,78790,6664,10923],"class_list":["post-650605","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-bitcoin-all-time-high","tag-bitcoin-price-analysis","tag-bitcoin-price-preidction","tag-btc","tag-btcusdt","tag-crypto","tag-crypto-market"],"acf":[],"yoast_head":"\n<title>Stablecoins Signal Strong Bitcoin Demand: Could BTC Renew Its ATH Soon?<\/title>\n<meta name=\"description\" content=\"The recent activity in Bitcoin price and demand metrics suggests a potential resurgence in market interest which could lead to...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/bitcoin\/stablecoins-signal-strong-bitcoin-demand-could-btc-renew-its-ath-soon\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stablecoins Signal Strong Bitcoin Demand: Could BTC Renew Its ATH Soon?\" \/>\n<meta property=\"og:description\" content=\"The recent activity in Bitcoin price and demand metrics suggests a potential resurgence in market interest which could lead to...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/bitcoin\/stablecoins-signal-strong-bitcoin-demand-could-btc-renew-its-ath-soon\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-30T04:30:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-29T16:20:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/DALL\u00b7E-2024-10-29-17.10.47-A-digital-illustration-showing-stablecoins-signaling-strong-demand-for-Bitcoin-with-a-potential-renewal-of-its-all-time-high.-The-image-features-the-.jpg?fit=1024%2C1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Samuel Edyme\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@0xEdyme\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Samuel Edyme\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin\/stablecoins-signal-strong-bitcoin-demand-could-btc-renew-its-ath-soon\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin\/stablecoins-signal-strong-bitcoin-demand-could-btc-renew-its-ath-soon\/\"},\"author\":{\"name\":\"Samuel Edyme\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500\"},\"headline\":\"Stablecoins Signal Strong Bitcoin Demand: Could BTC Renew Its ATH Soon?\",\"datePublished\":\"2024-10-30T04:30:19+00:00\",\"dateModified\":\"2024-10-29T16:20:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin\/stablecoins-signal-strong-bitcoin-demand-could-btc-renew-its-ath-soon\/\"},\"wordCount\":508,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin\/stablecoins-signal-strong-bitcoin-demand-could-btc-renew-its-ath-soon\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/DALL\u00b7E-2024-10-29-17.10.47-A-digital-illustration-showing-stablecoins-signaling-strong-demand-for-Bitcoin-with-a-potential-renewal-of-its-all-time-high.-The-image-features-the-.jpg?fit=1024%2C1024\",\"keywords\":[\"bitcoin\",\"Bitcoin all-time high\",\"Bitcoin price analysis\",\"Bitcoin Price preidction\",\"btc\",\"BTCUSDT\",\"crypto\",\"crypto market\"],\"articleSection\":[\"Bitcoin\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin\/stablecoins-signal-strong-bitcoin-demand-could-btc-renew-its-ath-soon\/\",\"url\":\"https:\/\/wncen.com\/news\/bitcoin\/stablecoins-signal-strong-bitcoin-demand-could-btc-renew-its-ath-soon\/\",\"name\":\"Stablecoins Signal Strong Bitcoin Demand: Could BTC Renew Its ATH Soon?\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin\/stablecoins-signal-strong-bitcoin-demand-could-btc-renew-its-ath-soon\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin\/stablecoins-signal-strong-bitcoin-demand-could-btc-renew-its-ath-soon\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/DALL\u00b7E-2024-10-29-17.10.47-A-digital-illustration-showing-stablecoins-signaling-strong-demand-for-Bitcoin-with-a-potential-renewal-of-its-all-time-high.-The-image-features-the-.jpg?fit=1024%2C1024\",\"datePublished\":\"2024-10-30T04:30:19+00:00\",\"dateModified\":\"2024-10-29T16:20:05+00:00\",\"description\":\"The recent activity in Bitcoin price and demand metrics suggests a potential resurgence in market interest which could lead to...\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin\/stablecoins-signal-strong-bitcoin-demand-could-btc-renew-its-ath-soon\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/bitcoin\/stablecoins-signal-strong-bitcoin-demand-could-btc-renew-its-ath-soon\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin\/stablecoins-signal-strong-bitcoin-demand-could-btc-renew-its-ath-soon\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/DALL\u00b7E-2024-10-29-17.10.47-A-digital-illustration-showing-stablecoins-signaling-strong-demand-for-Bitcoin-with-a-potential-renewal-of-its-all-time-high.-The-image-features-the-.jpg?fit=1024%2C1024\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/DALL\u00b7E-2024-10-29-17.10.47-A-digital-illustration-showing-stablecoins-signaling-strong-demand-for-Bitcoin-with-a-potential-renewal-of-its-all-time-high.-The-image-features-the-.jpg?fit=1024%2C1024\",\"width\":1024,\"height\":1024,\"caption\":\"Stablecoins Signal Strong Bitcoin Demand: Could BTC Renew Its ATH Soon?\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin\/stablecoins-signal-strong-bitcoin-demand-could-btc-renew-its-ath-soon\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Stablecoins Signal Strong Bitcoin Demand: Could BTC Renew Its ATH Soon?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500\",\"name\":\"Samuel Edyme\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g\",\"caption\":\"Samuel Edyme\"},\"description\":\"Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.\",\"sameAs\":[\"https:\/\/x.com\/0xEdyme\"],\"url\":\"https:\/\/wncen.com\/author\/samueledymeabayomi\/\"}]}<\/script>\n","yoast_head_json":{"title":"Stablecoins Signal Strong Bitcoin Demand: Could BTC Renew Its ATH Soon?","description":"The recent activity in Bitcoin price and demand metrics suggests a potential resurgence in market interest which could lead to...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/bitcoin\/stablecoins-signal-strong-bitcoin-demand-could-btc-renew-its-ath-soon\/","og_locale":"en_US","og_type":"article","og_title":"Stablecoins Signal Strong Bitcoin Demand: Could BTC Renew Its ATH Soon?","og_description":"The recent activity in Bitcoin price and demand metrics suggests a potential resurgence in market interest which could lead to...","og_url":"https:\/\/wncen.com\/news\/bitcoin\/stablecoins-signal-strong-bitcoin-demand-could-btc-renew-its-ath-soon\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-10-30T04:30:19+00:00","article_modified_time":"2024-10-29T16:20:05+00:00","og_image":[{"width":1024,"height":1024,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/DALL\u00b7E-2024-10-29-17.10.47-A-digital-illustration-showing-stablecoins-signaling-strong-demand-for-Bitcoin-with-a-potential-renewal-of-its-all-time-high.-The-image-features-the-.jpg?fit=1024%2C1024","type":"image\/jpeg"}],"author":"Samuel Edyme","twitter_card":"summary_large_image","twitter_creator":"@0xEdyme","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Samuel Edyme","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/bitcoin\/stablecoins-signal-strong-bitcoin-demand-could-btc-renew-its-ath-soon\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/bitcoin\/stablecoins-signal-strong-bitcoin-demand-could-btc-renew-its-ath-soon\/"},"author":{"name":"Samuel Edyme","@id":"https:\/\/wncen.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500"},"headline":"Stablecoins Signal Strong Bitcoin Demand: Could BTC Renew Its ATH Soon?","datePublished":"2024-10-30T04:30:19+00:00","dateModified":"2024-10-29T16:20:05+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/bitcoin\/stablecoins-signal-strong-bitcoin-demand-could-btc-renew-its-ath-soon\/"},"wordCount":508,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/bitcoin\/stablecoins-signal-strong-bitcoin-demand-could-btc-renew-its-ath-soon\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/DALL\u00b7E-2024-10-29-17.10.47-A-digital-illustration-showing-stablecoins-signaling-strong-demand-for-Bitcoin-with-a-potential-renewal-of-its-all-time-high.-The-image-features-the-.jpg?fit=1024%2C1024","keywords":["bitcoin","Bitcoin all-time high","Bitcoin price analysis","Bitcoin Price preidction","btc","BTCUSDT","crypto","crypto market"],"articleSection":["Bitcoin"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/bitcoin\/stablecoins-signal-strong-bitcoin-demand-could-btc-renew-its-ath-soon\/","url":"https:\/\/wncen.com\/news\/bitcoin\/stablecoins-signal-strong-bitcoin-demand-could-btc-renew-its-ath-soon\/","name":"Stablecoins Signal Strong Bitcoin Demand: Could BTC Renew Its ATH Soon?","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/bitcoin\/stablecoins-signal-strong-bitcoin-demand-could-btc-renew-its-ath-soon\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/bitcoin\/stablecoins-signal-strong-bitcoin-demand-could-btc-renew-its-ath-soon\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/DALL\u00b7E-2024-10-29-17.10.47-A-digital-illustration-showing-stablecoins-signaling-strong-demand-for-Bitcoin-with-a-potential-renewal-of-its-all-time-high.-The-image-features-the-.jpg?fit=1024%2C1024","datePublished":"2024-10-30T04:30:19+00:00","dateModified":"2024-10-29T16:20:05+00:00","description":"The recent activity in Bitcoin price and demand metrics suggests a potential resurgence in market interest which could lead to...","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/bitcoin\/stablecoins-signal-strong-bitcoin-demand-could-btc-renew-its-ath-soon\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/bitcoin\/stablecoins-signal-strong-bitcoin-demand-could-btc-renew-its-ath-soon\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/bitcoin\/stablecoins-signal-strong-bitcoin-demand-could-btc-renew-its-ath-soon\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/DALL\u00b7E-2024-10-29-17.10.47-A-digital-illustration-showing-stablecoins-signaling-strong-demand-for-Bitcoin-with-a-potential-renewal-of-its-all-time-high.-The-image-features-the-.jpg?fit=1024%2C1024","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/DALL\u00b7E-2024-10-29-17.10.47-A-digital-illustration-showing-stablecoins-signaling-strong-demand-for-Bitcoin-with-a-potential-renewal-of-its-all-time-high.-The-image-features-the-.jpg?fit=1024%2C1024","width":1024,"height":1024,"caption":"Stablecoins Signal Strong Bitcoin Demand: Could BTC Renew Its ATH Soon?"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/bitcoin\/stablecoins-signal-strong-bitcoin-demand-could-btc-renew-its-ath-soon\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Stablecoins Signal Strong Bitcoin Demand: Could BTC Renew Its ATH Soon?"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500","name":"Samuel Edyme","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g","caption":"Samuel Edyme"},"description":"Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/wncen.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Stablecoins Signal Strong Bitcoin Demand: Could BTC Renew Its ATH Soon?","url":"http:\/\/wncen.com\/news\/bitcoin\/stablecoins-signal-strong-bitcoin-demand-could-btc-renew-its-ath-soon\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin\/stablecoins-signal-strong-bitcoin-demand-could-btc-renew-its-ath-soon\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/DALL\u00b7E-2024-10-29-17.10.47-A-digital-illustration-showing-stablecoins-signaling-strong-demand-for-Bitcoin-with-a-potential-renewal-of-its-all-time-high.-The-image-features-the-.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/DALL\u00b7E-2024-10-29-17.10.47-A-digital-illustration-showing-stablecoins-signaling-strong-demand-for-Bitcoin-with-a-potential-renewal-of-its-all-time-high.-The-image-features-the-.jpg?fit=1024%2C1024"},"articleSection":"Bitcoin","author":[{"@type":"Person","name":"Samuel Edyme"}],"creator":["Samuel Edyme"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin all-time high","bitcoin price analysis","bitcoin price preidction","btc","btcusdt","crypto","crypto market"],"dateCreated":"2024-10-30T04:30:19Z","datePublished":"2024-10-30T04:30:19Z","dateModified":"2024-10-30T04:30:19Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Stablecoins Signal Strong Bitcoin Demand: Could BTC Renew Its ATH Soon?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin\\\/stablecoins-signal-strong-bitcoin-demand-could-btc-renew-its-ath-soon\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin\\\/stablecoins-signal-strong-bitcoin-demand-could-btc-renew-its-ath-soon\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/DALL\\u00b7E-2024-10-29-17.10.47-A-digital-illustration-showing-stablecoins-signaling-strong-demand-for-Bitcoin-with-a-potential-renewal-of-its-all-time-high.-The-image-features-the-.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/DALL\\u00b7E-2024-10-29-17.10.47-A-digital-illustration-showing-stablecoins-signaling-strong-demand-for-Bitcoin-with-a-potential-renewal-of-its-all-time-high.-The-image-features-the-.jpg?fit=1024%2C1024\"},\"articleSection\":\"Bitcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Samuel Edyme\"}],\"creator\":[\"Samuel Edyme\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin all-time high\",\"bitcoin price analysis\",\"bitcoin price preidction\",\"btc\",\"btcusdt\",\"crypto\",\"crypto market\"],\"dateCreated\":\"2024-10-30T04:30:19Z\",\"datePublished\":\"2024-10-30T04:30:19Z\",\"dateModified\":\"2024-10-30T04:30:19Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/DALL\u00b7E-2024-10-29-17.10.47-A-digital-illustration-showing-stablecoins-signaling-strong-demand-for-Bitcoin-with-a-potential-renewal-of-its-all-time-high.-The-image-features-the-.jpg?fit=1024%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/650605","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/580"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=650605"}],"version-history":[{"count":3,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/650605\/revisions"}],"predecessor-version":[{"id":650610,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/650605\/revisions\/650610"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/650606"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=650605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=650605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=650605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}