🚨 DO YOU KNOW WHERE CRYPTO'S CASH IS GOING?
Stablecoin supply just fell $14.2B in 30 days, the fastest drop since June 2022, per Glassnode.
USDT and USDC shed nearly $11B combined. Tether's market cap is down $6.6B in 60 days, more than twice the post-FTX drop (CryptoQuant).
Why is this a big deal? Stablecoins are the market's dry powder. Less supply = less fuel for a rally.
Capitulation or the setup for a bottom? 👇
Stablecoin supply just fell $14.2B in 30 days, the fastest drop since June 2022, per Glassnode.
USDT and USDC shed nearly $11B combined. Tether's market cap is down $6.6B in 60 days, more than twice the post-FTX drop (CryptoQuant).
Why is this a big deal? Stablecoins are the market's dry powder. Less supply = less fuel for a rally.
Capitulation or the setup for a bottom? 👇
