Analyst: The stagnation of stablecoin supply indicates market risks, and if CPI data exceeds expectations, it may trigger a significant pullback

ChainCatcher news, according to CoinDesk, analyst Omkar Godbole pointed out that although Bitcoin has quickly rebounded from below $90,000, the stagnation of stablecoin supply may indicate market risks. Glassnode data shows that the total supply of the four major stablecoins—USDT, USDC, BUSD, and DAI—remains at $189 billion, with a net change of only 0.37% over the past 30 days, indicating a lack of new capital inflow into the market.

Analysts believe that if the upcoming U.S. CPI data exceeds expectations, combined with last Friday's strong employment report, it may exacerbate market concerns about the Federal Reserve's interest rate cuts being less than expected, potentially triggering significant downward volatility.