CryptoQuant: Stablecoin Market Cap Down $14B Since May
- —Stablecoin market cap has fallen $14 billion since May
- —Market added $4 billion since September to about $270 billion
- —CryptoQuant analyst Darkfost tied the decline to weak liquidity inflows
- —A stronger capital inflow is needed to push bitcoin to new highs
Why it matters: Stablecoins are a key liquidity gauge: without their growth, bitcoin's rally may run out of steam.
Source: PANews