$14.2 billion in stablecoins left circulation over 30 days, the largest single-month outflow since 2022.
Cryptopolitan cited this figure from a report Glassnode published Wednesday, saying the outflow came as Bitcoin’s rebound stalled and buyers struggled to stop the decline. The article described stablecoins as the main vehicle traders use to park funds intended for entry into the crypto market.
· The outflow was the largest in a single month since 2022, but the article did not provide a breakdown by stablecoin.
· The article linked stablecoins to subsequent buying, presenting this as an explanation of the mechanism rather than a confirmed causal relationship.
Would you look first for a recovery in the total stablecoin market cap, or for stablecoin balances on exchanges?
Cryptopolitan cited this figure from a report Glassnode published Wednesday, saying the outflow came as Bitcoin’s rebound stalled and buyers struggled to stop the decline. The article described stablecoins as the main vehicle traders use to park funds intended for entry into the crypto market.
· The outflow was the largest in a single month since 2022, but the article did not provide a breakdown by stablecoin.
· The article linked stablecoins to subsequent buying, presenting this as an explanation of the mechanism rather than a confirmed causal relationship.
Would you look first for a recovery in the total stablecoin market cap, or for stablecoin balances on exchanges?
