Ethereum Stablecoin Supply Drops by $7 Billion
- Stablecoin Supply Decline: According to analyst Darkfost, the supply of stablecoins on the Ethereum network fell by approximately $7 billion over the past week, from $162 billion to $155 billion, marking the first significant weekly contraction in ERC-20 stablecoins during the current market cycle, indicating a reduction in liquidity across crypto markets.
- Capital Outflow Trend: Darkfost noted that a declining stablecoin market cap typically indicates that investors are converting digital dollars back into fiat, which reduces demand for on-chain liquidity; stablecoin issuers usually burn excess supply, leading to a decrease in total capitalization, and this trend is viewed as bearish.
- Exchange Outflows: Data from CryptoOnchain revealed that Binance experienced its largest weekly net outflows since November 2025, with BTC seeing about $1.97 billion, ETH about $1.34 billion, and ERC-20 USDT roughly $3.11 billion in net outflows, suggesting that capital is moving out rather than rotating within the crypto space.
- Liquidity Pressure Intensifies: Analyst Amr Taha highlighted that Binance's USDT reserves dropped from $9.16 billion to $4.6 billion in under two weeks, a reduction of over $4.5 billion, while U.S. Federal Reserve net liquidity fell by about $90 billion between January 21 and 24, historically impacting risk assets negatively.
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Technical Analysis for STABLE
Technical Sentiment Analysis for (STABLE). As of , (STABLE) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 5 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for STABLE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, STABLE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
(STABLE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00627 | 0.0109 | 0.0161 | 0.0207 | 0.0259 | 0.0306 | 0.0358 |
| Fibonacci | 0.0109 | 0.0147 | 0.017 | 0.0207 | 0.0245 | 0.0268 | 0.0306 |
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