Golden Finance reported that Matrixport released today’s chart report. The 7-day stablecoin minting data showed that the flow of legal currency into the crypto market slowed down significantly before the Christmas holiday. This may be related to the Federal Reserve’s shift to hawkish policy in mid-December. Bitcoin and other cryptocurrencies are likely to continue to consolidate as activity from fiat deposits into stablecoins continues to be sluggish. While the holiday lull is over, stablecoin inflows have yet to see a significant pickup. This metric remains an important signal of changes in market demand, as growth in stablecoin minting often signals increased market demand for cryptocurrencies. Currently, although stablecoin minting activity has rebounded slightly, its sustainability is still unclear. Only when this trend continues steadily will it be possible to push Bitcoin back into a bull market from the consolidation stage.