Glassnode
Bitcoin has been grinding lower as stablecoin supply shrinks at its fastest pace since June 2022, according to the latest Week On-chain report.
Why it matters
Stablecoins are widely used to move funds and trade across crypto markets. A contraction in their supply is a measure of liquidity that investors can assess alongside Bitcoin's decline.
Market impact
The report also examines Bitcoin cost basis, ETF flows and wallet accumulation, offering additional perspectives on the market beyond the stablecoin supply measure.
Frequently asked questions
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How fast is stablecoin supply contracting?
The latest Week On-chain report says stablecoin supply is shrinking at its fastest pace since June 2022.
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Why does stablecoin supply matter to crypto liquidity?
Stablecoins are widely used to move funds and trade across crypto markets, making their supply a liquidity measure.
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What has Bitcoin been doing as stablecoin supply shrinks?
Bitcoin has been grinding lower while stablecoin supply contracts.
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What Bitcoin investor measures does the report also examine?
The report also examines Bitcoin cost basis and wallet accumulation.
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Does the Week On-chain report cover Bitcoin ETF flows?
Yes. ETF flows are among the additional analyses mentioned in the report.
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