Bitcoin sell pressure eases as USDT market cap drops $4 billion
Bitcoin sell pressure nears exhaustion as USDT market cap dropped $4 billion. This contraction indicates traders are moving stablecoins into Bitcoin, reducing the liquidity that typically fuels selli…
CryptoQuant has warned that Bitcoin sell pressure is close to exhaustion after a $4 billion drop in USDT market cap over the past 60 days. The data was released on Tuesday and shows a significant contraction in the most widely used stablecoin.
USDT is the backbone of many crypto exchanges, providing a bridge between fiat and digital assets. When its market cap falls, it usually signals that traders are pulling USDT out of the market and moving it into other assets, often Bitcoin. This shift matters because stablecoins supply the liquidity that fuels daily Bitcoin trading. A 10% decline in USDT volume suggests that the buffer keeping selling pressure high is shrinking.
CryptoQuant’s model tracks how much USDT is removed from circulation. In the last 60 days, USDT market cap fell from roughly $41 billion
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