📉Concerning decline in the stablecoin growth index.. What does this mean?
Data on the growth of the market capitalization of stablecoins over the past 30 days shows a notable shift in liquidity trends within the crypto market, with both USDT and USDC recording negative readings, reflecting a clear state of hesitation from capital.
Key figures:
USDT: -0.06%
USDC: -0.03%
Current supply:
USDT: about 184 billion dollars
USDC: about 73 billion dollars
(Stability of supply without significant expansion)
Market implication
The decline in the growth of stablecoins or their stability often indicates a decrease in the rate of new liquidity entering the market, a pattern typically observed during periods of uncertainty or anticipation. In such cases, the market becomes more sensitive to sudden price movements, especially with weak depth and liquidity.
General situation:
The macro scene remains neutral so far.
Markets are focused on U.S. jobs data (NFP)
Either confirming the state of weakness and volatility,
Or stimulating a new flow of liquidity if the data supports risk-taking.
The upcoming data, which may play a pivotal role in determining the next path
Summary:
The market is going through a delicate anticipation phase, with cautious liquidity and high responsiveness to any upcoming economic variables. Monitoring macro data in the coming hours will be a decisive factor in clarifying the direction.
Please follow up
#USNFPBlowout #USRetailSalesMissForecast $BTC
