Santiment: The total market value of the top 12 stablecoins has dropped by $2.24 billion in the past 10 days

The total market capitalization of the top 12 stablecoins in cryptocurrency has fallen by $2.24 billion over the past 10 days, during which Bitcoin's price has also dropped by 8%. Analysts point out several key signals: funds are shifting towards traditional safe-haven assets like gold and silver, both of which have reached all-time highs, indicating that investors are choosing safety over risk assets; funds are leaving the crypto market directly to cash, rather than waiting to buy the dip in stablecoin form; the reduction in stablecoin supply has led to a contraction in market liquidity, resulting in insufficient capital to drive prices higher, weakening the rebound momentum; altcoins are under greater pressure than Bitcoin; historical experience shows that a strong recovery in the crypto market usually begins with a rebound in the market capitalization of stablecoins, which will signal the entry of new funds and a restoration of investor confidence.