Bitcoin faces $70,000 test as $14.2 billion stablecoin contraction exposes demand weakness
Bitcoin is facing a fresh liquidity squeeze as mounting losses among recent buyers threaten to derail its recovery. Stablecoin supply has contracted by $14.2 billion over the past month, its sharpest decline since June 2022, while Bitcoin's apparent demand has fallen by 284,000 BTC, approaching levels last seen during the March 2025 market turmoil. The… Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
Key Takeaways
- Bitcoin is facing a fresh liquidity squeeze as mounting losses among recent buyers threaten to derail its recovery.
- Stablecoin supply has contracted by $14.2 billion over the past month, its sharpest decline since June 2022, while Bitcoin's apparent demand has fallen by 284,000 BTC, approaching levels last seen during the March 2025 market turmoil.
- The… Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next.
Summary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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