TechFlow reported on January 15, according to CoinDesk, analyst Omkar Godbole noted that although Bitcoin has rebounded sharply from below $90,000, stagnant stablecoin supply may signal market risks. Data from Glassnode shows the total supply of the four major stablecoins—USDT, USDC, BUSD, and DAI—has remained flat at $189 billion, with a mere 0.37% net change over the past 30 days, indicating a lack of new capital inflows into the market.
Analysts believe that if the upcoming U.S. CPI data exceeds expectations, combined with last Friday's strong jobs report, it could intensify market concerns over less-than-expected rate cuts by the Federal Reserve, potentially triggering significant downward volatility.
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