Stablecoins Shrank $4.2B in a Week: Fear Is Easing, but New Money Hasn't Arrived
Prices have stopped falling, but money is still leaving the room.
According to DefiLlama, total stablecoin market cap was about $298.34B on 11/1, down roughly $4.26B in a week (about $302.6B on 10/25), and it has slipped for 4 straight days since 10/29. USDT sits near $179.30B, down about $3.12B on the week and $4.55B on the month. USDC is around $71.64B, also down about $0.11B this week. Both majors shrinking means money is walking out, not switching sides.
Sentiment is a little warmer. The Fear & Greed Index moved from 30 (11/1) to 34 (11/2), still in fear. Meanwhile the Binance BTCUSDT retail long/short ratio is about 2.25, with roughly 69% long. The dip buyers are mostly retail.
My read: this bounce is held up by retail longs while fresh buying power keeps draining. Without new money stepping in, it isn't a clean bottom, and rebounds can easily fade.
What I'm watching today (Taipei time):
· Binance's preliminary Proof of Reserves (PoR) snapshot, expected 11/2
· 22:30 US market open, 23:00 ISM Manufacturing PMI
· Tomorrow 11/3: US midterm elections
Don't guess the bottom; watch for new money. One possible rule: only reassess risk-asset weight after total stablecoin supply rises 3 days in a row; until then, keep risk low.
OWL (@OfficialOwl_AI) is a decentralized portfolio strategy platform covering US stocks, ETFs, crypto and commodities, built on ERC-4626 vaults. Managers turn their allocation logic into public, trackable on-chain strategies: when to add, when to sit in low-volatility assets, all verifiable after the fact. Follow the managers you like, Star their strategies, then decide whether to Subscribe.
Do you check stablecoin flows first, or retail positioning?
@OfficialOwl_AI
https://teny.ai/
https://dapp.owlowl.ai/
#Stablecoins #RWA #BTC
Prices have stopped falling, but money is still leaving the room.
According to DefiLlama, total stablecoin market cap was about $298.34B on 11/1, down roughly $4.26B in a week (about $302.6B on 10/25), and it has slipped for 4 straight days since 10/29. USDT sits near $179.30B, down about $3.12B on the week and $4.55B on the month. USDC is around $71.64B, also down about $0.11B this week. Both majors shrinking means money is walking out, not switching sides.
Sentiment is a little warmer. The Fear & Greed Index moved from 30 (11/1) to 34 (11/2), still in fear. Meanwhile the Binance BTCUSDT retail long/short ratio is about 2.25, with roughly 69% long. The dip buyers are mostly retail.
My read: this bounce is held up by retail longs while fresh buying power keeps draining. Without new money stepping in, it isn't a clean bottom, and rebounds can easily fade.
What I'm watching today (Taipei time):
· Binance's preliminary Proof of Reserves (PoR) snapshot, expected 11/2
· 22:30 US market open, 23:00 ISM Manufacturing PMI
· Tomorrow 11/3: US midterm elections
Don't guess the bottom; watch for new money. One possible rule: only reassess risk-asset weight after total stablecoin supply rises 3 days in a row; until then, keep risk low.
OWL (@OfficialOwl_AI) is a decentralized portfolio strategy platform covering US stocks, ETFs, crypto and commodities, built on ERC-4626 vaults. Managers turn their allocation logic into public, trackable on-chain strategies: when to add, when to sit in low-volatility assets, all verifiable after the fact. Follow the managers you like, Star their strategies, then decide whether to Subscribe.
Do you check stablecoin flows first, or retail positioning?
@OfficialOwl_AI
https://teny.ai/
https://dapp.owlowl.ai/
#Stablecoins #RWA #BTC
