Glassnode: Stablecoin Supply Is Shrinking Rapidly, Monthly Outflows Hit Highest Since 2022

Odaily News: Glassnode posted on X, stating: "Stablecoin supply is shrinking rapidly. Over the past month, the total stablecoin supply has decreased by $17 billion, marking the largest single-month decline since 2022. As holders convert stablecoins into fiat currency, the purchasing power for BTC and the entire crypto market is draining away. For a true bull market to arrive, capital must flow into the crypto ecosystem rather than continuously flowing out."