Analysis: The surge in stablecoin and BTC trading may provide a pump foundation for BTC in the coming weeks.

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Analysis: The surge in stablecoin and BTC trading may provide a pump foundation for BTC in the coming weeks. CryptoQuant's data shows that by the end of September, stablecoin liquidity continued to rise to a record high of $169 billion, a 31% increase year-to-date (YTD). Tether's USDT still dominates, with its market cap increasing by $28 billion to nearly $120 billion, capturing 71% of the market share; and Circle's USDC, with its market cap increasing by $11 billion to $36 billion, has risen by 44% YTD, capturing 21% of the market share. The surge in record-breaking amounts of US dollar stablecoins and large BTC transactions may lay the foundation for a more widespread pump of BTC in the coming weeks, maintaining the asset's seasonal bullish trend in October.

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