Stacks Founder: Crypto Market Liquidity Outflow May Also Be Driven by Anthropic IPO Siphoning Capital

Odaily: Muneeb, founder of Bitcoin Layer 2 Stacks, posted on X that liquidity is flowing out of the crypto market, possibly related to Anthropic's IPO next week, and that the stablecoin supply shrinking by $17 billion over the past month is a key indicator.

At the same time, he believes the world is becoming increasingly uncertain, with both new opportunities and new concerns, and that volatility will also increase in such periods. Bitcoin sets the ceiling for the entire crypto industry, and it doesn't matter what other projects do, because they will ultimately perish as Bitcoin declines.