Stablecoin Supply Shrinks $14.2B in a Month — Biggest Drop Since 2022
Glassnode: total stablecoin supply fell $14.2B in 30 days, the largest contraction since the 2022 bear market. USDT and USDC shed nearly $11B combined.
The liquidity drain comes as Bitcoin trades near $73,600, below its 200-day EMA, with ETF outflows and hot CPI keeping risk appetite weak.
Less stablecoin dry powder means thinner bids if selling resumes — watch for supply stabilizing before calling a bottom.
Not financial advice.
#Bitcoin #BTC #Stablecoin #Crypto
Glassnode: total stablecoin supply fell $14.2B in 30 days, the largest contraction since the 2022 bear market. USDT and USDC shed nearly $11B combined.
The liquidity drain comes as Bitcoin trades near $73,600, below its 200-day EMA, with ETF outflows and hot CPI keeping risk appetite weak.
Less stablecoin dry powder means thinner bids if selling resumes — watch for supply stabilizing before calling a bottom.
Not financial advice.
#Bitcoin #BTC #Stablecoin #Crypto
