Market slows down significantlyMomentum isn't encouraging

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An unsettling question is being raised by the recent behavior of the Bitcoin market: are rallies turning into short-term traps before the next leg down? Liquidity may hold the key to the solution. Market slows down significantlyMarket liquidity has been steadily declining, according to recent stablecoin flow data. The supply growth of both UST and USDC has significantly slowed down in comparison to earlier times, resulting in a situation where capital entering the cryptocurrency market is just insufficient to maintain long-term upward
momentum. Major Bitcoin rallies in the past have been bolstered by growing stablecoin supplies that offered new purchasing power.
That support seems to be conspicuously lacking today. The graphic draws attention to a recurrent pattern. Every significant drop in the growth of stablecoins has been accompanied by a decline in the price of Bitcoin. Even brief comebacks have failed to create long-term momentum, which has ultimately led to fresh selling pressure.
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BC/USDT Chart by TradingViewThe most recent decline in stablecoin growth is now getting close to the levels that came before major corrections in the past. This worry is supported by the technical picture of Bitcoin.
The asset experienced a severe breakdown from the $80,000 area and is currently trading close to $59,000. The price is still below all significant moving averages, including the downward-sloping 50-day,
100-day, and 200-day trends.
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Momentum isn't encouraging An established bearish mar$BTC ‌$BTC ‌