Stablecoin supply falls, Bitcoin investors realize losses
Major stablecoin supply fell $14.2 billion in 30 days, the biggest drop since 2022.
Total stablecoin supply is just under $280 billion.
Stablecoins are the "fuel" that can be used to buy crypto.
Glassnode says growth in supply would be the first sign of new money coming in.
CryptoQuant says a local Bitcoin bottom could form before USDT supply grows again.
I did not find a source for the $3.6 billion realized-loss figure from the headline. $BTC
$ETH
$BNB
#BarclaysRaisesBlackRockBitcoinETFStake48% #CanNvidiaEarningsEaseMarketConcerns? #CoreWeaveJumps10%On168%RevenueGrowth #AnthropicDisclosesOver$10BNewComputeDeals #BitcoinETFsLose$1.6BInNovember
Major stablecoin supply fell $14.2 billion in 30 days, the biggest drop since 2022.
Total stablecoin supply is just under $280 billion.
Stablecoins are the "fuel" that can be used to buy crypto.
Glassnode says growth in supply would be the first sign of new money coming in.
CryptoQuant says a local Bitcoin bottom could form before USDT supply grows again.
I did not find a source for the $3.6 billion realized-loss figure from the headline. $BTC
$ETH
$BNB
#BarclaysRaisesBlackRockBitcoinETFStake48% #CanNvidiaEarningsEaseMarketConcerns? #CoreWeaveJumps10%On168%RevenueGrowth #AnthropicDisclosesOver$10BNewComputeDeals #BitcoinETFsLose$1.6BInNovember
