From a recent perspective, the amount of USDT flowing into exchanges has not shown a stable increase; one could only say it barely maintains at the moving average level. It is evident that purchasing sentiment has significantly diminished, especially when compared to last year;

The same situation is reflected in the USDC data. Although the reduction in funds does not appear to be substantial, we know that American and European investors dominate the cryptocurrency market. Therefore, USDT has much lower weight compared to USDC, and there has been a shrinkage compared to two or three months ago. These factors may be one of the reasons for the decreased purchasing power of Bitcoin. $ETH $BTC