This afternoon, staring at that capital flow chart, I was sweating profusely — BTC's spot demand has been below the trend line for two consecutive weeks, and since October, the influx of new funds has been like a turned-off faucet. Some people in the group are still shouting '100,000 dollars is just around the corner', but when I zoom in on the far right of the chart, what I see is the most real fear: the price is still high, but the money to push it up is gone. It's like watching a high-speed train, suddenly realizing the fuel gauge needle is shaking at zero.
The more terrifying part is the historical comparison: in the previous three BTC surges, there was a massive influx of new funds each time; but this time, when the price hit a new high, the capital flow quietly lagged behind. I flashed back to April 2021 — back then it was also 'price stagnation, capital flow cutoff', what happened two months later? The 5.19 massacre, how many people still have their liquidation orders floating in the historical K-line. Now this scene feels just like the silence before a horror movie replay.
This sense of a 'funding cliff' led me to make an anti-human operation: I cut my BTC position by one-third, converting it into an asset that doesn't rely on new capital inflows at all. The project I’ve recently delved into, @usddio, has shown a strange advantage in this 'liquidity drought' — while BTC needs hundreds of millions in new funds daily to maintain its price, USDD only requires the execution of collateral rules via smart contracts; the former is in 'begging mode', while the latter is in 'self-sufficient mode'.
The most heartbreaking comparative data: BTC has seen a net inflow of -1.2 billion USD over the past 30 days, while USDC's circulation has decreased by 1.5 billion, but USDD's circulation has grown against the trend by 8%. #USDD以稳见信 At this point, it has become a lifesaving logic: when the market is anxious about 'stock game', truly stable assets should not rely on external blood transfusions, but create demand through endogenous mechanisms — just like a cactus in the desert can survive without rain.
This funding chart gives me three doomsday revelations:
Price is an illusion, cash flow is the truth. BTC is still at 90,000 dollars, but buying power has weakened by 40% compared to three months ago. My new discipline: focus weekly on cash flow data instead of price movements — just like @usddio holders monitor the collateral rate daily, that’s the real fundamental.
A bear market is not a crash; it is a liquidity exhaustion. Now BTC's daily volatility is less than 3%, seemingly stable, yet dangerous — a market without new money is like a sealed room without oxygen. I converted 30% of my position to USDD, not because I am bearish on BTC, but to ensure that I have a breathing machine in moments of suffocation.
Finding incremental logic in an era of stock. BTC needs new funds from Wall Street to take over, while USDD requires more DeFi protocols to adopt. My current mining strategy: half of the funds for mining within the BTC ecosystem, half for mining the cross-chain yields of USDD — the latter has lower but stable returns, while the former could go to zero or double.
In the evening, BTC suddenly surged by 2%, and someone in the group shouted that the bull is back. I quietly opened the on-chain data panel and saw that institutional addresses were still net outflowing. A friend said I was overly pessimistic; I replied, do you remember before the LUNA crash? — At that time, the price was sideways for a month, and everyone said it was a 'healthy adjustment', but it turned into a historical tombstone. @usddio taught me: in a liquidity drought, the smartest way to survive is not to pray for rain, but to dig a deep well for yourself.
Soul-searching question: If BTC experiences net outflows for three consecutive months, will you hold on, cut losses, or switch positions? What’s in your 'liquidity exhaustion survival pack'? Show your cards in the comments!
