Stablecoin supply just fell $6.66 billion, one of the sharpest drops on record.
Why it matters: stablecoins are the dry powder of crypto. Shrinking supply means cash is leaving the system, not waiting on the sidelines.
Context (CryptoNakta, Nov 8):
• $BTC near $75,770, slowest trading day since August
• Fifth straight weekly loss in sight
• US spot BTC ETFs lost $1.28B this week
My take: falling stablecoin supply plus ETF outflows says buyers are not stepping in yet. Watch for supply stabilizing before trusting any bounce.
Does stablecoin supply bottom first, or does $BTC?
Not financial advice.
#Stablecoins #Bitcoin #CryptoMarket
Why it matters: stablecoins are the dry powder of crypto. Shrinking supply means cash is leaving the system, not waiting on the sidelines.
Context (CryptoNakta, Nov 8):
• $BTC near $75,770, slowest trading day since August
• Fifth straight weekly loss in sight
• US spot BTC ETFs lost $1.28B this week
My take: falling stablecoin supply plus ETF outflows says buyers are not stepping in yet. Watch for supply stabilizing before trusting any bounce.
Does stablecoin supply bottom first, or does $BTC?
Not financial advice.
#Stablecoins #Bitcoin #CryptoMarket