📉 Bitcoin is "running out of gas": stablecoins lose $14.2 billion in just 30 days
According to Decrypt, the stablecoin supply has declined by $14.2 billion over the past 30 days. This is the fastest contraction since June 2022, when the market was hit by a major shock in the previous cycle.
Notably, this is happening as demand for ETFs weakens, with ETF outflows prompting claims that $BTC is "running on fumes."
Stablecoins are often seen as ready liquidity waiting to flow into the market. When their supply shrinks, it means fresh money entering crypto is slowing down, while ETF inflows are not making up the difference either. For traders, this is a signal to keep an eye on short-term buying power, although a single indicator is not enough to determine the trend.
Do you think liquidity is leaving because of cautious sentiment, or is this just a temporary correction before money flows back in?
(Not investment advice)
#hoangducinvest #Bitcoin #Stablecoin
Source: Decrypt
According to Decrypt, the stablecoin supply has declined by $14.2 billion over the past 30 days. This is the fastest contraction since June 2022, when the market was hit by a major shock in the previous cycle.
Notably, this is happening as demand for ETFs weakens, with ETF outflows prompting claims that $BTC is "running on fumes."
Stablecoins are often seen as ready liquidity waiting to flow into the market. When their supply shrinks, it means fresh money entering crypto is slowing down, while ETF inflows are not making up the difference either. For traders, this is a signal to keep an eye on short-term buying power, although a single indicator is not enough to determine the trend.
Do you think liquidity is leaving because of cautious sentiment, or is this just a temporary correction before money flows back in?
(Not investment advice)
#hoangducinvest #Bitcoin #Stablecoin
Source: Decrypt