• The Stablecoin market exhibited resilience amidst market turbulence, revealing true market sentiment.
• A decrease in outflows signalled a potential for a bullish turnaround, sparking hope for a market rebound.

The ebb and flow of stablecoins provide a captivating glimpse into the market’s mood at any moment. Though the market may appear tempestuous, the true sentiment lies in the intricate dance of stablecoins.

Recent data attests to their behavior, vividly depicting the market’s actual state.

Stablecoin inflow picks up steam

Examining the Netflow data provided by CryptoQuant offered valuable insights into the overall movement of stable assets. From a broad perspective, it became apparent that outflows prevailed, indicating a decrease in liquidity within the space.

However, 13 May data from Glassnode presented a different angle when considering the monthly supply change from a higher timeframe standpoint.

It revealed a decline in stablecoin outflows, signaling a glimmer of hope as demand and capital return to the digital asset landscape.

In the aftermath of the Luna collapse and the

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Author: Suzuki Shillsalot

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