opinion

Leon Waidmann, an analyst at BTC-ECHO, a cryptocurrency-focused media outlet, tweeted from his X (formerly Twitter) account, "According to Glassnode's on-chain data, stablecoin supply has been growing rapidly lately. The crypto rally is here to stay," he said. "The increase in stablecoin supply indicates an

Arthur Hayes, co-founder of global cryptocurrency exchange BitMEX, recently told crypto-related YouTube channel Crypto Banter, "I was wrong about my earlier view that the price of bitcoin could experience short-term weakness," according to the Daily Hoarder. I don't expect a major correction in the near term,

"Trading volume across all bitcoin spot ETFs topped $1 billion on Feb. 7 (local time), with BlackRock's BTC spot ETF, IBIT, topping the list with $3.4 billion," Bloomberg analyst James Seifat reported via X. "The ETFs were followed by Grayscale GBTC ($200 million), Deloitte

"It's estimated that between 3.89 million and 4.87 million BTC are missing," Twitter user Checkmatey (@Checkmatey), a senior analyst at cryptocurrency on-chain data analytics firm Glassnode, told X. "It's impossible to directly measure how many BTC are missing," he said.

Ji-Young Koo, CEO of CryptoQuant, a South Korean crypto research firm, told X: "BTC inflows to Coinbase Prime have been surging recently. Even if we exclude BTC trading volume, the volume is significant. The market is currently at the beginning of a rebuilding phase for the next market cycle.

"We forecast bitcoin to rise 65% by the end of the year and break $70,000, driven by the macro environment, monetary easing, the US election and the expansion of spot bitcoin ETFs," Markus Thielen, head of research at crypto financial services firm MatrixPort and founder of 10X