Stablecoin Supply Falls $14.2 Billion In 30 Days In Biggest Drop Since 2022
Total stablecoin supply shrank by $14.2 billion in 30 days according to Glassnode its sharpest fall since the 2022 bear market
Bitcoin apparent demand also fell by 284,000 BTC in 30 days while US spot Bitcoin ETFs lost about $1.6 billion
Bitcoin is near $73,400 with the Fear and Greed Index at 28
Risk is high stablecoins are the fuel for buying and less fuel in the market means weaker rallies until money returns
#HuangRisksOusterOverReportedAffairWithSubordinate
Total stablecoin supply shrank by $14.2 billion in 30 days according to Glassnode its sharpest fall since the 2022 bear market
Bitcoin apparent demand also fell by 284,000 BTC in 30 days while US spot Bitcoin ETFs lost about $1.6 billion
Bitcoin is near $73,400 with the Fear and Greed Index at 28
Risk is high stablecoins are the fuel for buying and less fuel in the market means weaker rallies until money returns
#HuangRisksOusterOverReportedAffairWithSubordinate
