According to CoinMeta, and as reported by Glassnode, the supply of stablecoins is rapidly shrinking, with a decrease of $17 billion in the past month, representing the largest decline since 2022. As holders exchange stablecoins for fiat currency, the purchasing power of the market is also decreasing, which puts pressure on the Bitcoin and crypto markets. To achieve a bull market, capital needs to flow into the ecosystem, not out of it.