CryptoQuant analyst: stablecoin market value shrinks by $15 billion since May, hindering Bitcoin price rebound

CryptoQuant analyst Darkfost stated that since May, the total market value of stablecoins has decreased from approximately $280 billion to $266 billion, a decrease of nearly $15 billion. During the period from October last year to May this year, the inflow of market liquidity stagnated, and the current demand for Bitcoin has not recovered. The decline in the market value of stablecoins has led to the loss of market liquidity, hindering the recovery of Bitcoin prices.