$USDT supply down $4B in 60 days. $870M vanished in just 11 days per CryptoQuant.

This isn't rotation—this is exit liquidity. Money flowing OUT of crypto, back to fiat.

When stables bleed like this, it's a macro warning sign. Less dry powder = less firepower for the next leg up.

Watch liquidity closely. If this continues, expect chop or worse.