Data: Total market value of stable currencies has shrunk by nearly $15 billion since May

On 10 August, CryptoQuant Analyst Darkfost wrote that, since May, the total market value of the stable currency had shrunk by nearly $15 billion, from approximately $280 billion to $266 billion. Last October and May of this year, the market value of the stable currency experienced a long-term shock, which means that the market did not have any incremental capital to enter the market at that time, or that it was seriously underfunded. At present, even though the price of bitcoin is barely stable and market demand is not warming, this weakness is preventing it from rising again. In retrospect, the declining market value of stable currencies is precisely an indication of the continuing outflow of liquidity from the encryption market。