đš $6.7B OF DRY POWDER LEFT CRYPTO IN 7 DAYS
Total stablecoin supply fell to $292.31B on Nov 7, down about $6.7B in a week, the steepest weekly drop of 2026 (DefiLlama). $USDT alone shed $3.1B, USDC another $1.31B. And it was not a one-day blip: supply slid every single day, from $298.96B on Oct 31 to $292.31B on Nov 7.
It is not the only leak. US spot $BTC ETFs lost $1.28B in the week of Nov 2-6, the worst week since June, flipping 2026 flows negative to about -$914M. Friday alone: BTC -$411.9M, $ETH -$93.3M (Farside).
đ„ Why it matters:
Stablecoins are the dry powder. When supply shrinks, cash is leaving the system, not rotating inside it. The chain runs like this: redemptions rise, dry powder falls, order books thin out, and the next move in either direction gets bigger slippage.
But a shrinking supply does NOT mean investors are abandoning crypto. Redemptions also follow de-risking after Friday's $1.27B liquidation flush. The real test is whether supply rebuilds when prices stabilize.
đ What to watch:
âą Tue Nov 10, 8:30 AM ET: October CPI, feeds the Dec 9 Fed decision
âą BTC holding the 50-week average at $75,556 (now $75,889)
âą Next ETF prints: does the outflow streak break on Monday?
Bottom line: two drains at once, stablecoins plus ETFs, while Bitcoin sits flat near $75,900. Liquidity is leaving faster than price is falling.
Is this a quiet exit, or the setup for a sharper move when CPI lands? đđ»
Not financial advice. DYOR.
#crypto #Stablecoins
Total stablecoin supply fell to $292.31B on Nov 7, down about $6.7B in a week, the steepest weekly drop of 2026 (DefiLlama). $USDT alone shed $3.1B, USDC another $1.31B. And it was not a one-day blip: supply slid every single day, from $298.96B on Oct 31 to $292.31B on Nov 7.
It is not the only leak. US spot $BTC ETFs lost $1.28B in the week of Nov 2-6, the worst week since June, flipping 2026 flows negative to about -$914M. Friday alone: BTC -$411.9M, $ETH -$93.3M (Farside).
đ„ Why it matters:
Stablecoins are the dry powder. When supply shrinks, cash is leaving the system, not rotating inside it. The chain runs like this: redemptions rise, dry powder falls, order books thin out, and the next move in either direction gets bigger slippage.
But a shrinking supply does NOT mean investors are abandoning crypto. Redemptions also follow de-risking after Friday's $1.27B liquidation flush. The real test is whether supply rebuilds when prices stabilize.
đ What to watch:
âą Tue Nov 10, 8:30 AM ET: October CPI, feeds the Dec 9 Fed decision
âą BTC holding the 50-week average at $75,556 (now $75,889)
âą Next ETF prints: does the outflow streak break on Monday?
Bottom line: two drains at once, stablecoins plus ETFs, while Bitcoin sits flat near $75,900. Liquidity is leaving faster than price is falling.
Is this a quiet exit, or the setup for a sharper move when CPI lands? đđ»
Not financial advice. DYOR.
#crypto #Stablecoins
