Glassnode: Stablecoin Supply Shrinks $17B in Month

Glassnode flagged that stablecoin supply contracted $17B over the past month, the largest monthly outflow since 2022, as holders convert stables to fiat and remove liquidity from Bitcoin and the broader crypto ecosystem.

Bitcoin trades at $67216.42 inside its Bollinger Bands with lower support at $65143.02 and upper resistance at $76182.63; the RSI at 23.56 shows oversold momentum while the MACD death cross at -1941.33 keeps the structure bearish, with price well below both the EMA50 at $72707.92 and EMA200 at $77843.8, pointing to a possible short-term bounce toward the 50-EMA before any sustained recovery attempt.