According to BlockBeats, on June 26, USDT supply growth dropped significantly in June, reflecting reduced liquidity in the crypto market. A report from cryptocurrency custodian Copper shows that as of June 24, Tether (USDT) supply increased by less than 1.5% month-on-month, significantly lower than the increase in April and May (more than 5%). Fadi Aboualfa, head of research at Copper, said that as Bitcoin and Ethereum face downward pressure, liquidity flowing into the crypto market is decreasing, while altcoins remain far behind, with little hope of any significant rebound in the short term. USDT trading volume dropped from an all-time high of $767.2 billion on March 11 to $53.5 billion on June 24. With USDT market cap reaching $113 billion, the slowdown in supply growth indicates less money flowing into the crypto market. Additionally, the Bitcoin market has seen a significant increase in daily outflows recently, with more than $540 million flowing out last week. In the past 30 days, the price of Bitcoin has fallen by more than 10%, from $68,000 to $62,000.
