Jiang Zhuo'er: No Sign of Bull Market Start in Funding Rate, Rebound to $68,000 to $70,000 May See Final Dip

BlockBeats News, August 8th, Bitcurate Mining Pool (B.TOP) founder Jiang Zhuo'er stated in a post that stablecoins in the crypto market are still experiencing continuous outflows. In the past month, the total market value of stablecoins has decreased, with USDT dropping from $184.2 billion to $183.1 billion and USDC dropping from $73.28 billion to $72.15 billion, totaling a reduction of $2.23 billion.

Currently, there are no signs of a bull market starting based on this liquidity situation. Bitcoin may rebound at most to the $68,000 to $70,000 level and then experience one final drop after liquidating the shorts.