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What Falling USDT Supply Means for Bitcoin's Price Recovery
Bitcoin's rebound is outpacing the supply of stablecoins, particularly Tether's USDT, which has lost nearly $1 billion in market capitalization in five days. The analysis indicates a liquidity problem for Bitcoin's recovery, as USDT's market capitalization growth has been less persistent this year compared to previous rallies. While large holders are continuing to buy Bitcoin, institutional demand has weakened due to higher borrowing costs, impacting overall market liquidity and support for Bitcoin's price recovery.