Stablecoin Drain, ETF Outflows Leave Bitcoin ‘Running on Empty’
Summary
Bitcoin markets are currently facing significant liquidity pressure following a major reduction in stablecoin supply over the past month. At the same time, exchange-traded funds are experiencing weak demand, contributing to a notable contraction in available capital for the digital asset.
Stablecoin supply fell $14.2 billion in 30 days, the fastest contraction since June 2022, amid weak ETF demand.
Source: Read the full story at Decrypt
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