Let's take a quick look at the capital flow of USDT/USDC on Saturday.
The market value of stablecoins in the entire network decreased by 200 million, from 160.8 billion yesterday to 160.6 billion at present.
USDT increased slightly by tens of millions of US dollars on Saturday, but the volatility was greater. Although it was Saturday, funds flowed in and out frequently, but the capital transaction volume decreased by 5 billion compared with yesterday. (Figure 1)
USDC also increased slightly by tens of millions of US dollars on Saturday, and the fluctuations were mainly in the early morning of May 11, which was the US trading time. After that, the funds were relatively calm. The trading volume decreased slightly again, and the liquidity was still very poor. (Figure 2)
According to the situation of large-volume mainstream stablecoins combined with the total market value of stablecoins on the market, more than 200 million funds began to trade today, and buying actions appeared. Earlier today, I also said that the copycat began to become active slowly, and there was still capital buying on the weekend, which is also a good thing.
