New data from Santiment is painting an interesting picture of where investor confidence is shifting right now.

According to the analytics platform, more than $2.24 billion has exited the stablecoin market over the past 10 days — a sign that many traders are stepping back from crypto and leaning into traditional safe havens instead.

#Gold just broke $5,000, #silver has doubled in value, and even major players like Tether have been piling into physical gold. Meanwhile, #Bitcoin and the broader market have been struggling to regain momentum after October’s massive liquidation event.

Santiment notes that stablecoin flows are often one of the best indicators of future crypto strength. When stablecoin market caps fall, it usually means capital is leaving the ecosystem rather than sitting on the sidelines waiting to buy dips.

In other words: liquidity is thinning, and that could delay any meaningful market recovery until those flows reverse.

For now, Bitcoin is holding up better than most #altcoins — but without stablecoin growth, upside across the market remains limited.

One thing’s clear: the next phase of crypto’s rebound may depend on when (and if) stablecoin capital starts flowing back in.
$BTC