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CryptoQuant: Growth in Stablecoin Liquidity Slows, Market May Tend Towards Consolidation Phase
Summary: According to CryptoQuant, the growth in stablecoin liquidity has slowed down, with the market capitalization expanding by about $1.1 billion per week, significantly lower than the weekly $4 to $8 billion increase during the Bitcoin rally at the end of 2024. Additionally, the 60-day growth of USDT is around $10 billion, lower than the peak ...
According to CryptoQuant, the growth in stablecoin liquidity has slowed down, with the market capitalization expanding by about $1.1 billion per week, significantly lower than the weekly $4 to $8 billion increase during the Bitcoin rally at the end of 2024. Additionally, the 60-day growth of USDT is around $10 billion, lower than the peak of over $21 billion previously. Despite the slowdown in issuance, the total reserves of stablecoins on exchanges reached a historical high of $68 billion on August 22, with USDT accounting for $53 billion and USDC accounting for $13 billion. While the market value of stablecoins continues to grow positively, the slower pace of growth indicates a weakening of market liquidity support, leading the market to potentially enter a consolidation phase rather than a continuous parabolic uptrend.
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Link: CryptoQuant: Growth in Stablecoin Liquidity Slows, Market May Tend Towards Consolidation Phase [Copy]
