BIG Bitcoin Price Explosion Coming?

Analysts from CryptoQuant have discovered that stablecoin reserves on exchanges have reached a record high of over $31 billion. This marks a significant increase compared to June 2023, when the figure was just $7 billion. According to experts, this suggests heightened interest in the market and increased confidence in higher prices. On the other hand, Glassnode has provided an analysis indicating the presence of an "air gap" for Bitcoin between $70,000 and $88,000. Analysts claim that there are very few active sell orders within this range, contrasting with the range between $88,000 and $103,000. Their conclusion is as follows: if the market continues to move hesitantly without a significant upward breakout, the first zone—between $70K and $88K—could serve as a potential support area. This would provide an opportunity for investors looking to buy Bitcoin at relatively lower prices.