Jiang Zhuoer: There are no signs of a bull market starting in the funding situation; a rebound to $68,000 to $70,000 may lead to the final drop

The founder of the Liebit Mining Pool (B.TOP), Jiang Zhuoer, stated that stablecoins in the crypto market are still continuously flowing out. In the past month, the total market value of stablecoins has decreased, with USDT dropping from $184.2 billion to $183.1 billion, and USDC falling from $73.28 billion to $72.15 billion, a total reduction of $2.23 billion.

Currently, this funding situation shows no signs of a bull market starting. Bitcoin may rebound to the range of $68,000 to $70,000 at most, followed by a final drop after squeezing out the shorts.