Tether's USDT supply dropped by nearly $1 billion in mid-October 2026, creating a liquidity gap as Bitcoin tries to rebound toward $83,000. This shrinking stablecoin supply means less fresh capital is available to support Bitcoin's price rise, making the recovery fragile. Traders are rotating from USDT to other stablecoins like USDC and RLUSD, but these alternatives haven't grown enough to offset the liquidity drain. Historically, such USDT contractions may signal a market bottom if fresh capital returns, but continued supply shrinkage could stall Bitcoin's recovery unless net USDT issuance and stablecoin inflows pick up.
As of Oct 22, 2026 09:02 WIB, Bitcoin trades at Rp1.503.231.493 on Pluang, showing a modest 0.88% gain in the past day. Meanwhile, Tether (USDT) holds a market cap of Rp3.294,76T with a slight 0.21% increase in price, despite the reported drop in USDT supply. The current Pluang order activity leans towards selling USDT at 67%, highlighting cautious sentiment around this stablecoin amid liquidity concerns.
A cryptocurrency whale has converted approximately $7.5 million worth of Bitcoin into 3,038.73 Ether in a single hour using three different addresses. This transaction is part of a larger trend starting October 11, where the holder has exchanged over...
Avalanche (AVAX) traded around $9.74 on October 21, showing slight gains but continuing its downward trend from October after peaking above $11.50 in late September. Analysts highlight near-term support between $9.50 and $9.60, with broader support z...
Bitcoin increased by 2.9% to $83,802, with other major cryptocurrencies like XRP, Dogecoin, Ether, Solana, and BNB also posting gains. XRP led the top six assets with a 5.03% rise, while the total crypto market capitalization slightly decreased by 0....
Over the week ending Oct. 21, Monero (XMR), Venice Token (VVV), and PHALA (PHA) saw price gains while Bitcoin (BTC) and Ether (ETH) declined, indicating a split in the crypto market. XMR traded near $598, VVV rose about 12% to $25.70, and PHA increas...
A wallet associated with Fasanara Capital held $222 million in open positions on the Hyperliquid platform as of October 21, with 86.3% of its exposure in short positions. The largest shorts were $51.53 million in Bitcoin and $51.15 million in Ether, ...
