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🔸 The amount of stablecoins deposited on exchanges is plummeting from its peak near $158B in August and is now only around $76B.
🔸 This means the flow of capital into exchanges has evaporated by more than 50% in just a few months. The 90-day moving average has also fallen from $130B to $118B, confirming a continuous weakening trend. Will the Fed's intervention soon change this trend? $btc