Santiment: The total market capitalization of the top 12 stablecoins has decreased by $2.24 billion in the past 10 days

The total market capitalization of the top 12 stablecoins in cryptocurrency has dropped by $2.24 billion in the past 10 days, during which Bitcoin's price also fell by 8%. Analysts point out several key signals: funds are shifting towards traditional safe-haven assets like gold and silver, both of which have reached all-time highs, indicating that investors are choosing safety over risk assets; funds are leaving the crypto market directly to cash, rather than waiting in stablecoins for a buying opportunity; the reduction in stablecoin supply has led to a contraction in market liquidity, raising the capital needed to push prices higher, thus weakening the rebound momentum; altcoins are under more pressure than Bitcoin; historical experience shows that a strong recovery in the crypto market usually begins with a halt and rebound in the market value of stablecoins, which will mark the entry of new funds and the restoration of investor confidence.