24/7 Cryptocurrency News

Bear Run: Stablecoin Volumes Show The Real Picture, Here’s Why

Bear Run Stablecoin there are as many as $25 billion worth stablecoins lying in exchanges, the Bitcoin market cap decreased by 70% from top
Published by
Bear Run: Stablecoin Volumes Show The Real Picture, Here’s Why

Although there is a lot of buzz around the falling prices and a prolonged crypto winter, the numbers do not really seem to be adding up. From its peak of $68,000, Bitcoin has so far dropped by around 70% and chances are it could drop further.

Advertisement

Bitcoin Bottom Anticipation

While traders are anticipating a Bitcoin bottom, some of them appeared to have left the market thanks to falling prices. However, statistics reveal the reality is different from what it seems with the ongoing bear market sentiment. A majority of traders have not left the crypto market and are just waiting for the Bitcoin bottom.

Ki Young Ju, CEO of CryptoQuant, said everyone is talking about bearish trends but most of them haven’t left the crypto market. In what could be an eye-opener for many, the Bitcoin market cap decreased by 70% from the top while stablecoins went down by just 11%.

In fact, there are as many as $25 billion worth stablecoins lying in crypto exchanges currently. Ju further said,

“Stablecoins sitting in exchanges are now worth half of Bitcoin reserve. We have $25 billion loaded bullets which can make crypto asset prices go up. The question is when, not how.”

Advertisement

Bitcoin Price Momentum In Bear Market

As of writing, Bitcoin is trading at $19,516, down 2.95% in the last 24 hours, according to CoinMarketCap. After trading above the $20,000 for close to a week, BTC again dropped below the mark on Wednesday.

Meanwhile, Bitcoin’s price could for the first time ever close this month below the 200 weekly moving average. In the last three consecutive weeks, Bitcoin created a record by closing below the key metric.

Following the historic crash of Terra network last month, several countries proposed tightened regulations for crypto space. Regulatory action is being planned especially for stablecoins. To prevent Terra-like events in future, the United Kingdom came forward to propose safeguards to protect stablecoins from losses.

Advertisement

Share
Anvesh Reddy

Anvesh reports major crypto updates around U.S. regulation and market moving trends. Published over 1400 articles so far on crypto and blockchain. A proud dropout of University of Massachusetts, Lowell. Can be reached at anvesh@coingape.com or x.com/BitcoinReddy or linkedin.com/in/anveshreddybtc/

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

Gold Vs Bitcoin – Peter Schiff Predicts BTC Will Be ‘Rugged by Gold’

The long-running rivalry between gold and Bitcoin has resurfaced. Economist and gold advocate Peter Schiff…

October 8, 2025
  • 24/7 Cryptocurrency News

CEA Industries’ BNB Holdings Reach 480K as Binance Coin Hits New ATH of $1,300

BNB has surged to a record $1,300, overtaking XRP in market value, as CEA Industries…

October 7, 2025
  • 24/7 Cryptocurrency News

Peter Brandt Predicts XRP Could Drop to $2.2 If This Happens

Veteran trader Peter Brandt has dropped another XRP analysis, in which he revealed what could…

October 7, 2025
  • 24/7 Cryptocurrency News

Fed’s Stephen Miran Says He’s ‘Sanguine’ on Inflation Outlook as He Backs More Rate Cuts

Federal Reserve Governor Stephen Miran has again suggested that he isn't worried about the inflation…

October 7, 2025
  • 24/7 Cryptocurrency News

S&P Launches Crypto 50 Index But There’s A Catch

S&P Dow Jones Indices has introduced a new crypto index called the S&P Digital Markets…

October 7, 2025
  • 24/7 Cryptocurrency News

NYSE Owner ICE to Invest $2B in Polymarket as Interest in Prediction Markets Heats Up

Crypto predictions platform Polymarket has secured a strategic investment from New York Stock Exchange (NYSE)…

October 7, 2025