Stablecoins have shrunk by $14.2 billion in 30 days—the fastest drain since June 2022. 👇
BTC spot ETFs have seen net outflows of $1.6 billion over 20 consecutive trading days. The short-term holders’ cost basis is at 75,600, and the price is still below it, with only 35% of short-term holders in profit.
The Nasdaq rose 1.6% yesterday, but crypto didn’t follow suit. Put simply, it’s not that money has nowhere to go—it just doesn’t want to come in for now.
Until liquidity returns, don’t rush in to fish for a bottom.
$BTC $ETH
BTC spot ETFs have seen net outflows of $1.6 billion over 20 consecutive trading days. The short-term holders’ cost basis is at 75,600, and the price is still below it, with only 35% of short-term holders in profit.
The Nasdaq rose 1.6% yesterday, but crypto didn’t follow suit. Put simply, it’s not that money has nowhere to go—it just doesn’t want to come in for now.
Until liquidity returns, don’t rush in to fish for a bottom.
$BTC $ETH
