Analysis: Stablecoin Market Cap Continues to Decline, Crypto Market Liquidity Further Tightens
CryptoQuant analyst Darkfost pointed out that data shows over the past 30 days, the market caps of USDC and USDT decreased by 3.6% and 2% respectively, reflecting continued weakening in overall crypto market liquidity. Since November 2025, this slowing trend has become relatively apparent.
