Odaily News Matrixport released today's chart saying that the slowdown in stablecoin inflows has pushed the market into a consolidation phase. We are closely watching this data because any upward trend in Bitcoin will be difficult to sustain if the stablecoin minting indicator fails to recover.
The slowdown may be due to the fact that stablecoin issuers have built up sufficient inventory in advance, or the overall market demand has declined. Regardless of the specific reasons, the current crypto market has not yet ushered in a large-scale inflow of new capital, which is also a key factor in Bitcoin's consolidation. In addition, this trend may be related to the hawkish tone of the Federal Reserve meeting in December 2024, which may make institutional investors more cautious.