Post
Venturer09
Stablecoin liquidity is bleeding🩸
Total stablecoin market cap just hit a 1-year low, dropping $17B in the last 6 months alone.
Look at Binance. After the recent hack, their stablecoin supply (which holds 70% of exchange reserves) crashed from $51B down to $34B. That's a massive -20% drop in the 90-DMA.
The bottom line? There is a severe lack of incoming demand and fresh liquidity. Retail is too scared to deploy capital due to hacks and macro uncertainty
$BTC 👀
#AppleQ4MarginPressure
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