Stablecoin Market Cap Drops $2.23B, BTC Rally Capped at $68K-$70K

USDT and USDC market caps fell by $2.23B in one month. Analyst Jiang Zhuoer asserts funding conditions lack bull signals, predicting Bitcoin will peak between $68,000 and $70,000 before a final decline.

Woofun AI notes that Jiang Zhuoer, founder of Litecoin Pool (B.TOP), highlighted continued outflows from crypto stablecoins. Over the past month, USDT market capitalization decreased from $184.2 billion to $183.1 billion, while USDC dropped from $73.28 billion to $72.15 billion, marking a combined reduction of $2.23 billion.

Jiang Zhuoer stated that current capital flows show no signs of an emerging bull market. He suggested that Bitcoin may rally only to the $68,000 to $70,000 range before undergoing a final decline after suppressing bearish positions.