Analysis: The surge in stablecoin and Bitcoin trading may provide a bullish foundation for BTC in the coming weeks

ChainCatcher news, according to CryptoQuant data, by the end of September, the liquidity of stablecoins continued to grow to a record $169 billion, a year-to-date (YTD) increase of 31%. Dominating the market is still Tether's USDT, whose market capitalization increased by $28 billion to nearly $120 billion, accounting for 71% of the market share; and Circle's USDC, whose market capitalization increased by $11 billion to $36 billion, with a YTD growth of 44%, holding 21% of the market share. The record number of dollar stablecoins and the surge in large Bitcoin transactions may lay the groundwork for a broader BTC rally in the coming weeks, keeping the bullish seasonal trend for this asset intact in October.