{"id":536465,"date":"2023-06-06T13:21:36","date_gmt":"2023-06-06T13:21:36","guid":{"rendered":"https:\/\/uniquehot.com\/?p=536465"},"modified":"2024-06-11T08:06:47","modified_gmt":"2024-06-11T08:06:47","slug":"bitcoin-dominance-records-shifting-trends-stablecoin-flows","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-dominance-records-shifting-trends-stablecoin-flows\/","title":{"rendered":"Bitcoin (BTC) Dominance Trend Shifts Alongside Stablecoin Flows: Glassnode"},"content":{"rendered":"

Amid the continuous downward trend in the global crypto market, leading on-chain analytics firm Glassnode yesterday reported some significant movement recorded in the Bitcoin (BTC) and Stablecoin markets. According to Glassnode, the dominance of Bitcoin and stablecoin flows have seen<\/a> “dramatic shifts” over the years.<\/p>\n

Changes In Bitcoin Supply Ownership<\/h2>\n

In a series of tweets posted earlier today, Glassnode released a recent report shedding light on the evolving landscape of Bitcoin supply ownership and the dynamics surrounding stablecoins.<\/span><\/p>\n

Related Reading: No All-Time High For Bitcoin In 2023, Former BitMEX Head Arthur Hayes Predicts<\/a><\/div>\n

The findings reveal significant shifts in the dominance of Bitcoin supply<\/a> and the distribution of stablecoin holdings, indicating changing investor behaviors and potential migration of liquidity towards lower-risk digital assets.<\/span><\/p>\n

According to Glassnode’s report, the dominance of BTC supply has witnessed a noteworthy transformation over the past two years. US entities now hold 11% less Bitcoin than in June 2022, while investors<\/a> active during Asian trading hours have increased their holdings by 9.9%.<\/span><\/p>\n

\"Bitcoin
Bitcoin (BTC) Regional Year Change. | Source: Glassnode<\/a><\/figcaption><\/figure>\n

This reversal of fortunes represents a distinct departure from the trends observed during the 2020-2021 bull cycle, signifying a shift in market dynamics and investor preferences.<\/span><\/p>\n

Stablecoin Dynamics And Changing Market Sentiment<\/span><\/h2>\n

Glassnode’s report also highlights significant developments in the stablecoin space. The supply of USDT (Tether) has reached all-time highs<\/a>, indicating a surge in demand for this popular stablecoin. In contrast, the supplies of USDC (USD Coin) and BUSD (Binance USD) have declined to multi-year lows. <\/span><\/p>\n

This divergence suggests that non-interest-bearing stablecoins, such as USDT, are attracting more attention and capital, potentially due to their utility in trading and liquidity provision.<\/span><\/p>\n

Related Reading: Tether: How Its $2 Billion USDT Minting Impacts Ethereum\u2019s Success In The Bull Market<\/a><\/div>\n

Furthermore, Glassnode’s analysis of on-chain flows reveals a decline in demand since April. While stablecoin inflows had significantly outweighed Bitcoin and Ethereum inflows in the first quarter, the market correction has led to a reversal in this trend. <\/span><\/p>\n

Glassnode now observes larger BTC and Ethereum inflows, possibly indicating sell-side activities as market participants adjust their positions in response to the evolving landscape.<\/span><\/p>\n

These findings collectively suggest a net capital rotation and the migration of liquidity towards lower-risk digital assets. Glassnode’s data aligns with the observation that BTC futures trade volumes are increasingly dominating the market, surpassing<\/a> Ethereum and other digital assets in 2023.<\/span><\/p>\n

\"Bitcoin
Bitcoin and Ethereum futures trading volume. | Source: Glassnode<\/a><\/figcaption><\/figure>\n

The recent increase in Bitcoin’s volume dominance, surpassing 65%, supports the notion that Bitcoin is perceived as a relatively lower-risk digital asset within the digital asset realm.<\/span><\/p>\n

Meanwhile, Bitcoin<\/a>\u00a0has witnessed a dramatic plunge in the past week and in the past 24 hours. The largest crypto asset by market capitalization has recorded a bearish movement down by 8.8% in the past 7 days. Over the past 24 hours, BTC has seen a 4.2% loss.<\/p>\n

At the time of writing, BTC currently trades below $26,000. This plummet follows the ongoing negativity in the crypto market including the lawsuit from the US regulator, the Securities and Exchange Commission (SEC) which has now affected the world’s largest crypto exchange Binance.<\/p>\n

\"Bitcoin
Bitcoin (BTC)\u2019s price moving sideways on the 4-hour chart. Source: BTC\/USD on TradingView.com<\/a><\/figcaption><\/figure>\n

~ Featured image from iStock, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"

Amid the continuous downward trend in the global crypto market, leading on-chain analytics firm Glassnode yesterday reported some significant movement recorded in the Bitcoin (BTC) and Stablecoin markets. According to Glassnode, the dominance of Bitcoin and stablecoin flows have seen “dramatic shifts” over the years. Changes In Bitcoin Supply Ownership In a series of tweets posted earlier today, Glassnode released a recent report shedding light on the evolving landscape of Bitcoin supply ownership and the dynamics surrounding stablecoins. Related Reading: No All-Time High For Bitcoin In 2023, Former BitMEX Head Arthur Hayes Predicts The findings reveal significant shifts in the dominance of Bitcoin supply and the distribution of stablecoin holdings, indicating changing investor behaviors and potential migration of liquidity towards lower-risk digital assets. According to Glassnode’s report, the dominance of BTC supply has witnessed a noteworthy transformation over the past two years. US entities now hold 11% less Bitcoin than in June 2022, while investors active during Asian trading hours have increased their holdings by 9.9%. This reversal of fortunes represents a distinct departure from the trends observed during the 2020-2021 bull cycle, signifying a shift in market dynamics and investor preferences. Stablecoin Dynamics And Changing Market Sentiment Glassnode’s report also highlights significant developments in the stablecoin space. The supply of USDT (Tether) has reached all-time highs, indicating a surge in demand for this popular stablecoin. In contrast, the supplies of USDC (USD Coin) and BUSD (Binance USD) have declined to multi-year lows. This divergence suggests that non-interest-bearing stablecoins, such as USDT, are attracting more attention and capital, potentially due to their utility in trading and liquidity provision. Related Reading: Tether: How Its $2 Billion USDT Minting Impacts Ethereum\u2019s Success In The Bull Market Furthermore, Glassnode’s analysis of on-chain flows reveals a decline in demand since April. While stablecoin inflows had significantly outweighed Bitcoin and Ethereum inflows in the first quarter, the market correction has led to a reversal in this trend. Glassnode now observes larger BTC and Ethereum inflows, possibly indicating sell-side activities as market participants adjust their positions in response to the evolving landscape. These findings collectively suggest a net capital rotation and the migration of liquidity towards lower-risk digital assets. Glassnode’s data aligns with the observation that BTC futures trade volumes are increasingly dominating the market, surpassing Ethereum and other digital assets in 2023. The recent increase in Bitcoin’s volume dominance, surpassing 65%, supports the notion that Bitcoin is perceived as a relatively lower-risk digital asset within the digital asset realm. Meanwhile, Bitcoin\u00a0has witnessed a dramatic plunge in the past week and in the past 24 hours. The largest crypto asset by market capitalization has recorded a bearish movement down by 8.8% in the past 7 days. Over the past 24 hours, BTC has seen a 4.2% loss. At the time of writing, BTC currently trades below $26,000. This plummet follows the ongoing negativity in the crypto market including the lawsuit from the US regulator, the Securities and Exchange Commission (SEC) which has now affected the world’s largest crypto exchange Binance. ~ Featured image from iStock, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":523579,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119,1144,6664,11164],"class_list":["post-536465","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-btcusd","tag-crypto","tag-stablecoin"],"acf":[],"yoast_head":"\nBitcoin (BTC) Dominance Trend Shifts Alongside Stablecoin Flows: Glassnode<\/title>\n<meta name=\"description\" content=\"Leading on-chain analytics firm Glassnode earlier today reported some significant movement recorded in the Bitcoin and Stablecoin market...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/bitcoin-dominance-records-shifting-trends-stablecoin-flows\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin (BTC) Dominance Trend Shifts Alongside Stablecoin Flows: Glassnode\" \/>\n<meta property=\"og:description\" content=\"Leading on-chain analytics firm Glassnode earlier today reported some significant movement recorded in the Bitcoin and Stablecoin market...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/bitcoin-dominance-records-shifting-trends-stablecoin-flows\/\" \/>\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=\"2023-06-06T13:21:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T08:06:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/Bitcoin-shorts.jpeg?fit=509%2C339\" \/>\n\t<meta property=\"og:image:width\" content=\"509\" \/>\n\t<meta property=\"og:image:height\" content=\"339\" \/>\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=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-dominance-records-shifting-trends-stablecoin-flows\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-dominance-records-shifting-trends-stablecoin-flows\/\"},\"author\":{\"name\":\"Samuel Edyme\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500\"},\"headline\":\"Bitcoin (BTC) Dominance Trend Shifts Alongside Stablecoin Flows: Glassnode\",\"datePublished\":\"2023-06-06T13:21:36+00:00\",\"dateModified\":\"2024-06-11T08:06:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-dominance-records-shifting-trends-stablecoin-flows\/\"},\"wordCount\":566,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-dominance-records-shifting-trends-stablecoin-flows\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/Bitcoin-shorts.jpeg?fit=509%2C339\",\"keywords\":[\"bitcoin\",\"btc\",\"btcusd\",\"crypto\",\"stablecoin\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-dominance-records-shifting-trends-stablecoin-flows\/\",\"url\":\"https:\/\/uniquehot.com\/news\/bitcoin-dominance-records-shifting-trends-stablecoin-flows\/\",\"name\":\"Bitcoin (BTC) Dominance Trend Shifts Alongside Stablecoin Flows: Glassnode\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-dominance-records-shifting-trends-stablecoin-flows\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-dominance-records-shifting-trends-stablecoin-flows\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/Bitcoin-shorts.jpeg?fit=509%2C339\",\"datePublished\":\"2023-06-06T13:21:36+00:00\",\"dateModified\":\"2024-06-11T08:06:47+00:00\",\"description\":\"Leading on-chain analytics firm Glassnode earlier today reported some significant movement recorded in the Bitcoin and Stablecoin market...\",\"breadcrumb\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-dominance-records-shifting-trends-stablecoin-flows\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/uniquehot.com\/news\/bitcoin-dominance-records-shifting-trends-stablecoin-flows\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-dominance-records-shifting-trends-stablecoin-flows\/#primaryimage\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/Bitcoin-shorts.jpeg?fit=509%2C339\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/Bitcoin-shorts.jpeg?fit=509%2C339\",\"width\":509,\"height\":339,\"caption\":\"Cardano Uncertain Path\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-dominance-records-shifting-trends-stablecoin-flows\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/uniquehot.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin (BTC) Dominance Trend Shifts Alongside Stablecoin Flows: Glassnode\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/uniquehot.com\/#website\",\"url\":\"https:\/\/uniquehot.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/uniquehot.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/uniquehot.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/uniquehot.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500\",\"name\":\"Samuel Edyme\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.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:\/\/uniquehot.com\/author\/samueledymeabayomi\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin (BTC) Dominance Trend Shifts Alongside Stablecoin Flows: Glassnode","description":"Leading on-chain analytics firm Glassnode earlier today reported some significant movement recorded in the Bitcoin and Stablecoin market...","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:\/\/uniquehot.com\/news\/bitcoin-dominance-records-shifting-trends-stablecoin-flows\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin (BTC) Dominance Trend Shifts Alongside Stablecoin Flows: Glassnode","og_description":"Leading on-chain analytics firm Glassnode earlier today reported some significant movement recorded in the Bitcoin and Stablecoin market...","og_url":"https:\/\/uniquehot.com\/news\/bitcoin-dominance-records-shifting-trends-stablecoin-flows\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2023-06-06T13:21:36+00:00","article_modified_time":"2024-06-11T08:06:47+00:00","og_image":[{"width":509,"height":339,"url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/Bitcoin-shorts.jpeg?fit=509%2C339","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":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/uniquehot.com\/news\/bitcoin-dominance-records-shifting-trends-stablecoin-flows\/#article","isPartOf":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-dominance-records-shifting-trends-stablecoin-flows\/"},"author":{"name":"Samuel Edyme","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500"},"headline":"Bitcoin (BTC) Dominance Trend Shifts Alongside Stablecoin Flows: Glassnode","datePublished":"2023-06-06T13:21:36+00:00","dateModified":"2024-06-11T08:06:47+00:00","mainEntityOfPage":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-dominance-records-shifting-trends-stablecoin-flows\/"},"wordCount":566,"publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"image":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-dominance-records-shifting-trends-stablecoin-flows\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/Bitcoin-shorts.jpeg?fit=509%2C339","keywords":["bitcoin","btc","btcusd","crypto","stablecoin"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/uniquehot.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/uniquehot.com\/news\/bitcoin-dominance-records-shifting-trends-stablecoin-flows\/","url":"https:\/\/uniquehot.com\/news\/bitcoin-dominance-records-shifting-trends-stablecoin-flows\/","name":"Bitcoin (BTC) Dominance Trend Shifts Alongside Stablecoin Flows: Glassnode","isPartOf":{"@id":"https:\/\/uniquehot.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-dominance-records-shifting-trends-stablecoin-flows\/#primaryimage"},"image":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-dominance-records-shifting-trends-stablecoin-flows\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/Bitcoin-shorts.jpeg?fit=509%2C339","datePublished":"2023-06-06T13:21:36+00:00","dateModified":"2024-06-11T08:06:47+00:00","description":"Leading on-chain analytics firm Glassnode earlier today reported some significant movement recorded in the Bitcoin and Stablecoin market...","breadcrumb":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-dominance-records-shifting-trends-stablecoin-flows\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/uniquehot.com\/news\/bitcoin-dominance-records-shifting-trends-stablecoin-flows\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/news\/bitcoin-dominance-records-shifting-trends-stablecoin-flows\/#primaryimage","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/Bitcoin-shorts.jpeg?fit=509%2C339","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/Bitcoin-shorts.jpeg?fit=509%2C339","width":509,"height":339,"caption":"Cardano Uncertain Path"},{"@type":"BreadcrumbList","@id":"https:\/\/uniquehot.com\/news\/bitcoin-dominance-records-shifting-trends-stablecoin-flows\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/uniquehot.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin (BTC) Dominance Trend Shifts Alongside Stablecoin Flows: Glassnode"}]},{"@type":"WebSite","@id":"https:\/\/uniquehot.com\/#website","url":"https:\/\/uniquehot.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/uniquehot.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/uniquehot.com\/#organization","name":"NewsBTC","url":"https:\/\/uniquehot.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500","name":"Samuel Edyme","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.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:\/\/uniquehot.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin (BTC) Dominance Trend Shifts Alongside Stablecoin Flows: Glassnode","url":"http:\/\/uniquehot.com\/news\/bitcoin-dominance-records-shifting-trends-stablecoin-flows\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bitcoin-dominance-records-shifting-trends-stablecoin-flows\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/Bitcoin-shorts.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/Bitcoin-shorts.jpeg?fit=509%2C339"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Samuel Edyme"}],"creator":["Samuel Edyme"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc","btcusd","crypto","stablecoin"],"dateCreated":"2023-06-06T13:21:36Z","datePublished":"2023-06-06T13:21:36Z","dateModified":"2024-06-11T08:06:47Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin (BTC) Dominance Trend Shifts Alongside Stablecoin Flows: Glassnode\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-dominance-records-shifting-trends-stablecoin-flows\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-dominance-records-shifting-trends-stablecoin-flows\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/03\\\/Bitcoin-shorts.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/03\\\/Bitcoin-shorts.jpeg?fit=509%2C339\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Samuel Edyme\"}],\"creator\":[\"Samuel Edyme\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\",\"btcusd\",\"crypto\",\"stablecoin\"],\"dateCreated\":\"2023-06-06T13:21:36Z\",\"datePublished\":\"2023-06-06T13:21:36Z\",\"dateModified\":\"2024-06-11T08:06:47Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/Bitcoin-shorts.jpeg?fit=509%2C339","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/536465"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/580"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=536465"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/536465\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/523579"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=536465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=536465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=536465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}