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fatin inna
The reason behind DOGE's rebound in September does not lie in DOGE itself, but in stablecoins. New money entering the crypto market follows a fixed path: first converting into USDT or USDC and staying within the exchange, then flowing into risk assets when the opportunity arises. Therefore, changes in stablecoin market capitalization become a leading indicator to observe capital willingness.
September's data confirmed this path. USDT's market cap increased by $2 billion in a single month,
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