Crypto has a native version of the M2 money supply that’s falling and killing Bitcoin liquidity
Stablecoin supply is crypto’s deployable money. With a complete stablecoin market cap of round $307.92 billion and down -1.13% in the previous 30 days, the pool has stopped rising month over month. When supply stalls, value strikes get sharper, and Bitcoin feels it first in skinny depth and larger wicks. Stablecoins sit in a unusual…
