📉 Stablecoin market cap shrinks, gold soars: Where is the money in the crypto market going?
Santiment analysts recently issued a warning signal: In the past 10 days, the total market cap of stablecoins has shrunk by $2.24 billion.
Why is this worth paying attention to?
Typically, when Bitcoin drops, traders convert their funds into stablecoins to wait and see. However, the current stablecoin market cap has fallen to $308.1 billion, indicating that investors are not just 'waiting on the sidelines' but are actively withdrawing funds into fiat currency.
Where is the money flowing?
During the period when Bitcoin pulled back from $95,000 to $88,000, traditional safe-haven assets experienced explosive growth. Investors are prioritizing stability over risk:
Gold has for the first time broken through the $5,000 per ounce barrier. Silver has surged above $110.
Santiment's view: Market risk-off sentiment is strong. Against the backdrop of macroeconomic turmoil, funds are flowing from the highly volatile crypto market to traditional 'safe havens.' This may delay the rebound process of the digital asset market.
In this market situation, would you choose to buy BTC on the dips or convert to gold for safety?👇
#比特币 #黄金 #Santiment #稳定币 #加密新闻
