I'm not really sure if what we're witnessing is a increase in bitcoin adoption that causes the price to be stable. Do you have any facts about how closer are we in terms of adoption? I mean are there any stats about how many merchants have been adopting bitcoin as payment method? Or how many people are using bitcoin as a base currency?

I think the stability that we have been seeing is not due to bitcoin adoption increasing but rather investors getting smarter and won't simply FOMO as compare to last year's madness. Majority is just waiting and looking for signs of another break out run before joining again. But since we haven't seen any news that will change the current course, there's no money coming in, or demands = supply in simply terms, that why no noticeable movement is seen in the last 4-5 months.