USDT Market Cap Falls $6.6B in 60 Days as Bitcoin Demand Drops 284K BTC
CryptoQuant shows USDT market cap fell $6.6 billion in 60 days, exceeding the December 2022 redemption wave decline. Stablecoin supply, a gauge of crypto buying power, is tightening while Bitcoin apparent demand contracted 284,000 BTC in 30 days, the sharpest drop since March 2025. The Coinbase Premium Index stayed negative for 30 days, signaling weak US spot demand and correction risk.