$14.1B in stablecoins exited crypto in the last 30 days.

$9.4B of that — two-thirds — drained from Ethereum.

Tron? Down 1.3%. BSC? 0.4%.

What this tells you:

→ DeFi liquidity is bleeding
→ Trading balances are shrinking
→ Payment rails (Tron/BSC) are holding steady

Ethereum is the canary. When $ETH stablecoin supply drops this hard, it's not just rotation — it's risk-off.

Watch for:
• TVL drops across major protocols
• CEX deposit spikes (exit liquidity)
• Stablecoin dominance rising (sitting in cash)

This isn't bullish.