Analysts: Stablecoin Market Cap Falls Below Annual Average, Market Remains in a Typical Bear Market Pattern

TechFlow reports, on Sept. 12, CryptoQuant analyst Darkfost posted that the total stablecoin market cap has fallen to $144.5 billion, below the 365-day average of $147.4 billion. Over the past year, outflows from the stablecoin market have exceeded inflows, typically characteristic of a bear market. Darkfost further pointed out that the market needs to see a reversal in this long-term capital flow trend to push the total stablecoin market cap back above its annual average.