At 4 p.m., all three macro indicators are still grinding in place.
The U.S. Dollar Index is 101.06, and the 10-year U.S. Treasury yield is 4.554%—both are almost the same as last week.
But stablecoins have been quietly moving these past two days.
Tether (USDT) has fallen from 184.1 billion to 184.0 billion, while the U.S. dollar stablecoin has dropped from 73.16 billion to 73.13 billion.
Over two days, net shrinkage totals $57.5 million—money hasn’t evaporated; it’s been shifted from on-chain to elsewhere.
$BTC itself dropped 0.73%, hovering at $65,452, moving with shrinking volume.
Even the data source for Bitcoin spot ETF inflows is still stuck at July 2025—no one is picking up that thread.
The Fear & Greed Index is 31, still in the Fear zone.
The macro picture hasn’t moved; funds are being shifted. Mainstream coins are falling on their own—the market is splitting very clearly.
#稳定币两天净缩5750万 #恐惧贪婪指数31反向 #macro
The U.S. Dollar Index is 101.06, and the 10-year U.S. Treasury yield is 4.554%—both are almost the same as last week.
But stablecoins have been quietly moving these past two days.
Tether (USDT) has fallen from 184.1 billion to 184.0 billion, while the U.S. dollar stablecoin has dropped from 73.16 billion to 73.13 billion.
Over two days, net shrinkage totals $57.5 million—money hasn’t evaporated; it’s been shifted from on-chain to elsewhere.
$BTC itself dropped 0.73%, hovering at $65,452, moving with shrinking volume.
Even the data source for Bitcoin spot ETF inflows is still stuck at July 2025—no one is picking up that thread.
The Fear & Greed Index is 31, still in the Fear zone.
The macro picture hasn’t moved; funds are being shifted. Mainstream coins are falling on their own—the market is splitting very clearly.
#稳定币两天净缩5750万 #恐惧贪婪指数31反向 #macro