During the recent market uptrend, the total market value of stablecoins remained relatively stable, staying at $124 billion, failing to break the industry's level since early September. Analysts say that stablecoin supply is a lagging indicator, but the lack of stablecoin recovery may indicate that Bitcoin's bull market has not brought new liquidity to the cryptocurrency market.
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Stablecoin market capitalization does not change significantly during market rally
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