🚨 Stablecoins shed $14.2 billion in 30 days! Their biggest contraction since the 2022 bear market—is the fuel for BTC’s rebound running out? ₿📉🔥
📅 2026/11/12｜Crypto market liquidity is flashing a warning!
The latest Glassnode data shows that the supply of major stablecoins fell by $14.2 billion in 30 days, marking its biggest decline since the 2022 bear market!
💰 ① Market funds are dwindling!
🔴 30-day supply: down $14.2 billion
🔴 Total stablecoin supply: below $280 billion
🔴 USDT over the past 60 days: down $6.6 billion
⚠️ This reflects a change in supply based on a specific set of metrics; it does not mean that all $14.2 billion was directly sold into BTC!
🏦 ② Why are stablecoins declining?
🔻 Investors are converting USDT and USDC back into dollars
🔻 Some funds are pulling out of the crypto market
🔻 Risk appetite is waning
🔻 There isn't enough fresh capital to buy
Stablecoins are an important source of trading liquidity for the market, and shrinking supply could weaken the momentum behind a rebound!
📉 ③ What happened in 2022?
In June 2022, the 30-day supply of stablecoins fell by nearly $30 billion at one point.
That November, BTC dropped to around $15,500!
⚠️ History doesn't repeat itself exactly, so this doesn't mean BTC is certain to plunge again!
₿ ④ What impact could this have on BTC and ETH?
🔴 BTC: Fresh buying pressure could weaken
🔴 ETH: Liquidity pressures could increase
🔴 Altcoins: More vulnerable to sharp volatility
🟡 Derivatives markets: Watch out for leveraged liquidations
🔎 ⑤ What to watch next
🎯 When will USDT and USDC supply stop falling?
🎯 Will spot BTC ETFs return to net inflows?
🎯 Will the Coinbase premium turn positive?
🎯 Can BTC hold above $73,000?
🎯 Can BTC reclaim the $75,600–$77,500 range?
💡 My market take
I believe the biggest issue right now isn't simply falling prices—it's that the fresh liquidity supporting a rebound is dwindling.
Even if we see a short-term rebound, watch to see whether spot buying follows through.
If stablecoin supply starts growing again and ETFs also return to net inflows, that would give BTC a better chance of mounting a sustained rebound!
🎯 Prices can rebound on sentiment, but what really carries a rally further is capital that keeps flowing in!
$BTC
$ETH
#稳定币供应30天减少142亿美元
📅 2026/11/12｜Crypto market liquidity is flashing a warning!
The latest Glassnode data shows that the supply of major stablecoins fell by $14.2 billion in 30 days, marking its biggest decline since the 2022 bear market!
💰 ① Market funds are dwindling!
🔴 30-day supply: down $14.2 billion
🔴 Total stablecoin supply: below $280 billion
🔴 USDT over the past 60 days: down $6.6 billion
⚠️ This reflects a change in supply based on a specific set of metrics; it does not mean that all $14.2 billion was directly sold into BTC!
🏦 ② Why are stablecoins declining?
🔻 Investors are converting USDT and USDC back into dollars
🔻 Some funds are pulling out of the crypto market
🔻 Risk appetite is waning
🔻 There isn't enough fresh capital to buy
Stablecoins are an important source of trading liquidity for the market, and shrinking supply could weaken the momentum behind a rebound!
📉 ③ What happened in 2022?
In June 2022, the 30-day supply of stablecoins fell by nearly $30 billion at one point.
That November, BTC dropped to around $15,500!
⚠️ History doesn't repeat itself exactly, so this doesn't mean BTC is certain to plunge again!
₿ ④ What impact could this have on BTC and ETH?
🔴 BTC: Fresh buying pressure could weaken
🔴 ETH: Liquidity pressures could increase
🔴 Altcoins: More vulnerable to sharp volatility
🟡 Derivatives markets: Watch out for leveraged liquidations
🔎 ⑤ What to watch next
🎯 When will USDT and USDC supply stop falling?
🎯 Will spot BTC ETFs return to net inflows?
🎯 Will the Coinbase premium turn positive?
🎯 Can BTC hold above $73,000?
🎯 Can BTC reclaim the $75,600–$77,500 range?
💡 My market take
I believe the biggest issue right now isn't simply falling prices—it's that the fresh liquidity supporting a rebound is dwindling.
Even if we see a short-term rebound, watch to see whether spot buying follows through.
If stablecoin supply starts growing again and ETFs also return to net inflows, that would give BTC a better chance of mounting a sustained rebound!
🎯 Prices can rebound on sentiment, but what really carries a rally further is capital that keeps flowing in!
$BTC
$ETH
#稳定币供应30天减少142亿美元
