Liquidity
Stablecoin liquidity and market breadth
Track stablecoin flows, breadth, and venue rotation to judge whether a move has enough fuel to persist.
Not every market breakout is supported by fresh balance sheet capacity. Stablecoin liquidity is one of the fastest ways to judge whether capital is actually rotating in.
Breadth matters just as much. If only one or two mega-cap names are moving while the rest of the board stays flat, risk appetite is narrower than the headline suggests.
The best trend environments show a mix of fresh stablecoin liquidity, wider breadth, and rising venue participation rather than a single concentrated impulse.