<ul><li>An analysis by CryptoQuant founder Ki Young Ju suggests we are still far from a real Bitcoin bull phase.</li><li>The BTC-to-stablecoin ratio of 6.05 shows that there’s approximately six times as much BTC on exchanges as stablecoins.</li><li>Currently, the entire stablecoin market capitalization is around $166 billion, but only 21% of these stablecoins are held on exchanges for trading.</li><li>Stablecoin adoption is increasing globally, with over 50% of remittances in certain countries being made in stablecoins.</li></ul>

$166 Billion Stablecoin Market Indicates Bitcoin Bull Run Is Still Distant

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