This is a negative fact:

Since stablecoin market cap has declined, Bitcoin has faced downward pressure.

The reason is clear: there is not enough capacity to buy Bitcoin dips with force, as the amount of USDC or USDT available is not enough to drive its price up. Every time the market goes down, there is no buying power.

OI has also dropped by more than 20%. In total, stablecoin market cap has dropped by $780 million, reflecting lower purchasing power in the market 💸.

There are not enough USDC and USDT to push the price up. Investors are not buying stablecoins to exchange for Bitcoin.