Matrixport: The slowdown in stablecoin inflows is driving the market into a consolidation phase, and caution is needed for the future trend of Bitcoin

ChainCatcher news, Matrixport released today's chart indicating that the slowdown in stablecoin inflows is driving the crypto market into a consolidation phase, which may suggest that caution is needed for Bitcoin's future price movements. Data shows that the stablecoin minting metrics are highly correlated with Bitcoin's price trends; if this metric fails to rebound, any upward movement in Bitcoin will be difficult to sustain.

Analysts believe that the current slowdown in stablecoin inflows may stem from two factors: stablecoin issuers have already built up sufficient inventory in advance, or overall market demand is declining. Regardless of the specific reason, the current crypto market has not yet seen a large-scale influx of new capital, which is a key factor in Bitcoin's consolidation.

Additionally, this trend may be related to the hawkish tone of the Federal Reserve meeting in December 2024, which is expected to make institutional investors more cautious.