Bitcoin's Second-Best Q3 Faces a Tougher Q4 Liquidity Test
- —USDT 60-day supply change turned positive at +$505M, first since July
- —Only $17M of the $541M improvement came from new USDT minting
- —30-day average remains negative at -$564M
- —Bitcoin rose from ~$64,000 to $83,700 while USDT change stayed negative
Why it matters: Bitcoin's Q3 rally lacked stablecoin support; sustained USDT liquidity will be key to whether the momentum carries into Q4.
Source: Coinpedia