CriptoQuant: USDT market value contracted to 60 days of historical extremes of nearly $4 billion

On 5 August, according to information sent by CriptoQuant analyst Moreno, the chain data indicate that USDT is going through one of the most dramatic market-market contraction cycles since the record. To date, the market value of USDT has varied over a 60-day period of about -4 billion United States dollars, in the extreme negative growth zone of the indicator ' s history. The current contraction is characterized by a marginal acceleration, with USDT supply reduced by nearly $870 million over the past 11 days, not as a delayed effect of upfront foreclosures, and market outages continue to be released. As the most immediate deployable liquid carrier at the heart of the encrypted market, the continuing expansion cycle of the USDT usually corresponds to bitcoin's strength, while long-term contractions are accompanied by weak market demand, deep resonance and overall environmental degradation. The analysis noted that USDT flows were relevant to Bitcoin prices but did not constitute a direct cause and cause, and that the two were driven by a decline in market risk, and that foreclosure was largely synchronized with spot sales. In historical patterns, the depth contraction phase of USDT tends to be closer to the slash failure node than to the point of acceleration of the decline. The current liquidity tightening directly constrains the sustainability of the rebound: market stocks are not liquid enough to be converted into a sustainable spot purchase. A substantial improvement in the liquidity environment will occur only when 60-day market value changes are stable, single-day contractions narrow and USDT supplies return to expansion. Prior to this, the Bitcoin rebound would continue to face tight liquidity constraints and lack the support of additional funding。