$5.4 billion was withdrawn from the USDT reserve over 60 days.
Market capitalization fell from $190B to $184 billion. This is the sharpest contraction since 2022 during the deleveraging cycle: less dollar liquidity held in stablecoins means less "dry powder" for buy orders in crypto.#usdt
Market capitalization fell from $190B to $184 billion. This is the sharpest contraction since 2022 during the deleveraging cycle: less dollar liquidity held in stablecoins means less "dry powder" for buy orders in crypto.#usdt