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But we saved everything 🙂.
Balances above $10M in stablecoins are flat since October 2025, Joao Wedson notes
Joao Wedson highlights that the balances of addresses holding more than $10 million across all stablecoins have not increased since the crypto market reached its all-time highs in October 2025.
Wedson describes stablecoins as the core driver of liquidity within the crypto ecosystem and suggests that market participants should pay closer attention to their on-chain trends.
Wedson previously analyzed the relationship between Bitcoin and leveraged risk assets, noting Bitcoin’s muted reaction compared to QQQ 3x’s surge. He has also observed that large trades on Binance Perpetual have affected sentiment in the crypto market. His recent focus on stablecoin balances adds to his tracking of key trading activities.
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