Glassnode: Stablecoin supply decreased by $17 billion over the past month.

TechFlow reports that on November 14, according to Glassnode monitoring, the stablecoin supply decreased by $17 billion over the past month, marking the largest decline since 2022.

Glassnode noted that holders converting stablecoins into fiat would reduce purchasing power for Bitcoin and the crypto market; it emphasized that a bull market requires capital inflows into the crypto ecosystem.