Svmuu News: CryptoQuant analyst Darkfost posted on X, noting that Bitcoin has been fluctuating around the key support level of $60,000 for nearly 165 days, failing to gain a foothold and reignite upward momentum. One of the core reasons for this is the market’s lack of new liquidity.Over the past 30 days, net outflows from stablecoin reserves on Binance and Bybit have approached $2.3 billion. New demand—whether for Bitcoin or the broader crypto market—has been relatively weak. Since the beginning of the year, exchange stablecoin reserves have continued to decline, and this generally pessimistic market sentiment continues to limit the capital support needed for Bitcoin to break out of its current consolidation range.
However, as regulatory measures such as the GENIUS Act require stablecoins to enhance compliance, the decentralized nature of the stablecoin ecosystem may be weakened; in the long term, this could further highlight the decentralized characteristics of Bitcoin.