USDC supply just shed $1B in 7 days.
That's serious capital rotating out. Either:
→ Risk-on rotation into alts/majors
→ Off-ramping to fiat (macro fear)
→ Shift to higher-yield stables
Watch BTC/ETH volume next 48h. If it's not flowing into majors, liquidity is leaving crypto entirely.
Stablecoin supply contraction = less dry powder on exchanges = potential volatility squeeze incoming.