BLOFIN CEO Matt believes that BTC may have more room for upward movement. He offers a new analytical perspective, pointing out that the current market includes a value of over $130 billion in USDS stablecoin and $37 billion in Bitcoin spot ETF, with a total cash liquidity of approximately $170 billion. These cash flows support a cryptocurrency market value of $1.95 trillion, with a leverage ratio of about 11.47 times. Matt notes that the leverage ratio of BTC is not high when considering entities using BTC, such as MICROSTRATEGY, and that non-BTC assets have higher leverage ratios. He also mentions that during the peak of the previous bull market, the leverage ratio of BTC was 22.25 times, with a total market value of $3 trillion and cash liquidity of only $129 billion. By March 2022, cash liquidity had reached $160 billion.

BloFin CEO Matt has provided a new analytical perspective and believes that BTC may have more upside potential. He stated that the current market has over $130 billion worth of USD stablecoins and $37 billion worth of Bitcoin spot ETFs, with a total cash liquidity of approximately $170 billion. These total cash liquidity supports a cryptocurrency market value of $1.95 trillion, with a leverage ratio of approximately 11.47 times. If we include entities like MicroStrategy that use BTC, the leverage ratio of BTC is not high; it is mainly non-BTC assets that have higher leverage ratios. During the peak of the previous bull market, the leverage ratio of BTC was 22.25 times. Since there were no spot ETFs at that time, it can be understood to be at least over 20 times; the total market value was $3 trillion, but the cash liquidity was only $129 billion. By March 2022, the cash liquidity reached $160 billion.

BLOFIN CEO Matt analyzes the potential of the BTC market, pointing out the upward space.