Stablecoin outflows deepen by $12B – Still, there’s no sign of a crypto market rally
Stablecoin outflows deepened by $12.355 billion since April, with Binance and Bybit recording $2.3 billion in withdrawals over 30 days. The total crypto market cap, excluding stablecoins, fell $1.11 trillion from January's peak. Bitcoin remains below $64,500 resistance for 49 days, indicating no rally yet.
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