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

The total market capitalization of the top 12 stablecoins in the cryptocurrency market has decreased by $2.24 billion over the past 10 days, during which Bitcoin prices also declined by 8%. Analysts point out several key signals: funds are shifting towards traditional safe-haven assets like gold and silver, which have reached new all-time highs, indicating investors are prioritizing safety over risk assets; funds are directly leaving the crypto market and converting into fiat currency rather than waiting to buy the dip with stablecoins; a reduction in stablecoin supply has led to decreased market liquidity, insufficient capital to push prices higher, and weakened rebound momentum; altcoins are under more pressure than Bitcoin; historical experience shows that a strong recovery in the crypto market usually begins when stablecoin market cap stops falling and starts to rebound, which will mark the entry of new funds and a restoration of investor confidence.