Analysis: The growth in stablecoin supply suggests that the Bitcoin bull market cycle may not be over yet

IntoTheBlock posted on the X platform, stating that stablecoin data indicates that the crypto market has not yet peaked. Historically, the peak of stablecoin supply coincides with cyclical highs. In April 2022, the supply reached $187 billion - right at the start of a bear market. Now it has reached $219 billion and is still rising, suggesting we may still be in mid-cycle.