Analyst: Given that stablecoin minting indicators have not yet returned to active levels, the rebound should be viewed with caution

Odaily News Bitcoin rose 12% this week, and related exchange-traded funds (ETFs) surged inflows. Analysts believe that Bitcoin may soon reach $100,000, but Markus Thielen, head of research at 10x Research, said in a market report: "Given that stablecoin minting indicators have not yet returned to active levels, we remain cautious about the sustainability of the current Bitcoin rally." (Cointelegraph)