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Tether Loses $4 Billion in 60 Days as Bitcoin Seller Exhaustion Grows
['Evie Vavasseur']
The Currency analytics
Community Trust ScoreVerified 80 % Real Verified 40 votesUSDT just shed nearly $4 billion in market cap over the past 60 days.
Per CryptoQuant, the 60-day low hit -$5.72 billion by July 13, with the 30-day moving average sitting around -$4.88 billion as of Monday.
Nearly $15 billion has left the broader stablecoin market in less than three months.
So the contraction in USDT isn’t a bullish signal by itself.
USDT’s market capitalization dropped by nearly $4 billion over 60 days, with the 60-day low recorded at -$5.72 billion by July 13.