💸 USDT IS SHRINKING LIKE NEVER BEFORE 📉
It caught my attention that the total amount of $USDT in circulation fell by $6.6 billion in 60 days. According to CryptoQuant, it’s the biggest 60-day contraction since they started tracking the data in 2022, and more than double the drop after FTX went bankrupt.
They said it themselves on X: stablecoin growth funded every rally in this cycle. And with $BTC hovering around $74,000, without new dollars coming in, every rebound takes twice the effort.
To me, this says more about the market than any chart: money isn’t flowing in like it used to.
Do you think this is just a pause, or the start of a deeper correction? 🤔
#Crypto
It caught my attention that the total amount of $USDT in circulation fell by $6.6 billion in 60 days. According to CryptoQuant, it’s the biggest 60-day contraction since they started tracking the data in 2022, and more than double the drop after FTX went bankrupt.
They said it themselves on X: stablecoin growth funded every rally in this cycle. And with $BTC hovering around $74,000, without new dollars coming in, every rebound takes twice the effort.
To me, this says more about the market than any chart: money isn’t flowing in like it used to.
Do you think this is just a pause, or the start of a deeper correction? 🤔
#Crypto
