Quinten Francois: Stablecoin supply drops $14.2 billion in 30 days

Quinten Francois: Stablecoin supply drops $14.2 billion in 30 days
Stablecoin supply contracts $14.2 billion

Stablecoin supply has decreased by $14.2 billion over the last 30 days, the biggest contraction since June 2022.

Quinten Francois shared the figures and commented that this could be one of the most obvious bottom signals, or a sign that it is really over this time.

In previous commentary, Quinten Francois cautioned against assuming a cryptocurrency is undervalued just because it has dropped significantly from its peak, referencing recent altcoin declines in recent analysis. He has also highlighted key Bitcoin technical levels using daily and weekly moving averages in market updates. Francois's posts have frequently focused on quantitative market signals.

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