Bitcoin: Rising stablecoin reserves and decreasing exchange supply draw attention
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The liquidity pattern of Bitcoin shows an increase in stablecoin reserves, while the supply of Bitcoin on exchanges decreases. The market may be concerned about whether the price of Bitcoin will reach $124000. (Cointelegraph)
[Strategy's Bitcoin Reserve Share Drops to 60%]
Michael Saylor's Strategy saw its share of corporate Bitcoin reserves drop to 60% in October, a significant decline from 75% at the beginning of the year. As of October 31, Strategy holds 640,800 Bitcoins. Corporate crypto asset reserves continue to expand, with an addition of 14,447 Bitcoins in October, marking the smallest monthly increase in 2025.
[U.S. Treasury Secretary Predicts Stablecoin Market to Reach $3 Trillion by 2030]
U.S. Treasury Secretary Besent stated that by 2030, the stablecoin market could grow from $300 billion to $3 trillion, a tenfold increase.
MicroStrategy currently holds 640800 bitcoins, accounting for 60% of the total enterprise bitcoin holdings, but its proportion has decreased as more companies incorporate bitcoins into their asset reserves. (Cointelegraph)