Bitcoin grinds near 2025 lows as stablecoin supply contracts at fastest pace since 2022
Bitcoin is hovering around $75–76K while stablecoin supply has fallen $14.2B in 30 days, per Glassnode. Traders are split between a bounce and a break toward $65K.
What we know
An account on X reports total stablecoin supply fell $14.2B over 30 days, the fastest contraction since June 2022, and says a return to growth would be the first sign of new money. One trader notes Bitcoin is flirting with its 2025 low, with failure to hold support likely sending it back to $65K. Another trader sees a possible sweep of highs into $76,400 as a short setup. A trader points out that stocks have bounced hard while Bitcoin stays flat. Strategy faces a possible MSCI exclusion decision tonight, with JPMorgan estimating about $2.8B of index-fund selling in the shares, not in bitcoin. CoinDesk reports that former White House crypto adviser Patrick Witt says Trump still wants the US to buy BTC without added federal spending.
How the story developed
Bitcoin is hovering around $75–76K while stablecoin supply has fallen $14.2B in 30 days, per Glassnode. Traders are split between a bounce and a break toward $65K.
If MSCI cuts Strategy from its indexes, JPMorgan estimates about $2.8B of forced selling in the shares by month-end.
What people are posting
Posts on X this story draws on. They are individual users' views and have not been verified by Global Eye 24.
“Total supply fell $14.2B in 30 days, the fastest contraction since June 2022”
View post →“Price is flirting with the 2025 low”
View post →“Tonight MSCI publishes its November index review. Strategy is the name to watch.”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.