Glassnode: The supply of stablecoins is rapidly shrinking, with monthly outflows reaching a new high since 2022

Glassnode posted on X: "The supply of stablecoins is rapidly shrinking. In the past month, the total supply of stablecoins has decreased by 17 billion dollars, marking the largest monthly decline since 2022.

As holders convert stablecoins into fiat currency, the purchasing power of BTC and the entire crypto market is also lost. For a bull market to truly arrive, funds must flow into the crypto ecosystem rather than continue to flow out."