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Recently, I noticed a phenomenon where the size of major stablecoins is shrinking. Looking at the data, it seems that a lot of funds are flowing out of the crypto market, which could pose some risk to this wave of Bitcoin's rebound.
Previously, the stablecoin market was quite stable, but now it’s shrinking, indicating that some people are reducing their positions or withdrawing from the market. In this situation, the demand for BTC to USDT exchanges might increase, meaning some are cashing out. If this trend continues, it could put pressure on Bitcoin’s upward momentum.
It feels like we should pay more attention to capital flows lately, especially the movements of stablecoins. The frequency and scale of BTC to USDT exchanges often reflect market sentiment. Right now, it does seem a bit cautious. But there’s no need to worry excessively; such fluctuations are normal. The key is to see whether the outflow of funds truly continues in the future.