🔸 The amount of stablecoins deposited on exchanges has sharply declined from a peak of nearly $158B in August to around $76B now.
🔸 This means that capital flowing into exchanges has evaporated by more than 50% in just a few months. The 90-day average has also slid from $130B to $118B, confirming a continuous weakening trend. Will the Fed's remedy soon change this trend? $BTC
BTCUSDT
Perp
92,290.2
+2.58%
ETHUSDT
Perp
3,242.62
+1.43%
