Capital is quietly leaving crypto.
Since October, Bitcoin has dropped nearly -30%, falling from $121,500 to ~$88,000, while more than $19B in leveraged positions were wiped out. At the same time, gold surged over +20%, breaking above $5,000, and silver more than doubled its market cap.
š Risk is being reduced ā not rotated.
š THE KEY SIGNAL MOST TRADERS MISS
According to Santiment, the combined market cap of the top 12 stablecoins fell by $2.24B in just 10 days.
This matters.
ā”ļø Falling stablecoin supply = capital exiting crypto
ā”ļø Not positioning for dips
ā”ļø Liquidity drying up
Historically, strong crypto rebounds only start when stablecoin supply stops falling and turns upward again.
š¦ EVEN TETHER IS HEDGING
Tether itself bought 27 tons of gold ($4.4B) in Q4 2025.
Thatās not fear ā thatās capital preservation.
When the largest stablecoin issuer diversifies into gold, the message is clear:
Risk appetite is low. Safety is prioritized.
š§ WHAT THIS MEANS FOR THE MARKET
āļø Altcoins remain fragile
āļø $BTC
shows relative strength, but rebound potential is limited
āļø No stablecoin inflow = no sustained rally
āļø Liquidity is the real driver ā not hype
š„ VIRAL TAKEAWAY
āWhen stablecoins shrink, rallies struggle.ā
Gold is absorbing fear.
Crypto is waiting for liquidity to return.
Until stablecoin supply stabilizes, caution dominates the market.
