Analysis: Stablecoin funds continue to flow out, Bitcoin faces liquidity pressure
Although the market is currently generally concerned that the buying strength of Strategy may decline, there are two rules that are always important in the cryptocurrency market: follow the trend and follow the flow of funds. When liquidity reverses, it usually means that the market environment is switching, and the risk of prematurely bottom-fishing is extremely high. During this bull market, the monthly changes in stablecoin supply had previously remained positive, but the market is currently experiencing a second round of stablecoin outflows.
In the past 30 days, the net outflow has reached approximately 5 to 6 billion dollars. The slowdown in capital inflow combined with rising volatility has significantly weakened the liquidity environment's support for the market. This not only puts pressure on crypto assets but also affects stablecoin issuers. Therefore, the current period of consolidation may continue until the flow of funds recovers.
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