BITCOIN SEES FASTEST STABLECOIN DROP SINCE JUNE 2022 📉💸
Glassnode shows $14.2B left stablecoins in 30 days, the fastest drop since June 2022 while $BTC trades near $74,180. 💰📊
US spot Bitcoin ETFs show the same cash exit, losing $1.6B in 20 trading days. 🛡️🏦
In June 2022, a $30B stablecoin drop did not mark an instant bottom, as $BTC kept sliding until November before fresh inflows returned. ⏳🧊
Is this cash chasing AI stock launches (IPOs) like Anthropic's $64.4B debut around 18 November (like Bitcoin dropping to $58,500 near SpaceX's June IPO), or reacting to 4.75% US bond rates and macro pressure? 📈🤔 👇
#Bitcoin #Crypto #Stablecoins #etf
Glassnode shows $14.2B left stablecoins in 30 days, the fastest drop since June 2022 while $BTC trades near $74,180. 💰📊
US spot Bitcoin ETFs show the same cash exit, losing $1.6B in 20 trading days. 🛡️🏦
In June 2022, a $30B stablecoin drop did not mark an instant bottom, as $BTC kept sliding until November before fresh inflows returned. ⏳🧊
Is this cash chasing AI stock launches (IPOs) like Anthropic's $64.4B debut around 18 November (like Bitcoin dropping to $58,500 near SpaceX's June IPO), or reacting to 4.75% US bond rates and macro pressure? 📈🤔 👇
#Bitcoin #Crypto #Stablecoins #etf