Stablecoin Expansion Stalls Ahead of U.S. Inflation Data

“Since the halving, we have seen nearly zero growth in stablecoin inflows, and bitcoin futures leverage has been dramatically reduced. Contrary to the bullish tweets about a post-halving rally, crypto users have voted with their money by withdrawing or pausing inflows,” Markus Thielen, founder of 10x Research, said in a note to clients Monday.