Whales Across These Five Chains Are Heavy On Stablecoins, Should You Be Too?

[Google News Bot]

Crypto whales all across the board have been seemingly taking more conservative positions in stablecoins since the bear market started. This has evolved into larger holdings in dollar-pegged cryptocurrencies which have very low volatility. These digital a ...

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[Shaffy]

The bear market is dragging longer and more painfully than anticipated. With what has happened with FTX and the reaction of the cryptocurrency community, I think we are almost close to the bottom, but buying activity from whales is still low.

 

[Sincerem]

Some of my cryptocurrency that has already depreciated is still in current depreciation . I don't see any need of converting it to a stablecoin now that the value has dropped . But for now I am saving all my money in usdt and no more investment until I am sure of the next market move.

 

[Skysaint]

I think it's something that is expected as I am also part of the crew that is waiting for a pump in the cryptocurrency market by investing almost all my assets to a stable coin. This is our escape route during the bearish market.