The topic of liquidity has been discussed for a whole week. I am very happy that many friends have begun to take the issue of liquidity seriously. However, it is still important to note that although liquidity is extremely important, high liquidity is only a necessary but not sufficient condition for market prices. When liquidity is high, it is easier for the market to rise relative to risk markets or #BTC. However, even in a bull market, there are often pullbacks. Not to mention that although liquidity is very poor in a bear market, there can still be good outbreaks driven by emotions.

For example, the financial report season and spot ETFs are often driven by events rather than liquidity.

Looking at the main stablecoin data from the past week, the market value of USDT, which is more widely used in Asia and Europe, has slowed down its growth, increasing by only $280 million in a week, the lowest monthly market value growth since mid-February. USDT's usage rate in the coin market is only about 50%, and it has a greater impact on ALT (tokens other than #BTC and #ETH).

On the other hand, the market value of USDC, mainly controlled by American investors, has changed from net outflows two weeks ago to growth. Although the growth is not much, it is only $82 million, which is much better than the nearly $1 billion reduction in the past two weeks and four cycles. This also shows that with the improvement of the macro sentiment in the United States, more investors are starting to enter the coin market. This data can also be felt from the net purchases of spot ETFs on Friday.

Furthermore, compared to USDT, USDC has more direct usage in the coin market and is used more frequently. It also has more support for tokens mainly held by American investors, such as #BTC, #ETH, and #SOL. The next thing to watch is whether the current capital sentiment can be maintained.

In addition, it is highly recommended for friends to check the capital data whenever possible, especially the data for USDC, which can easily help understand the changes in liquidity and can be viewed for free directly on CMC.

This post is sponsored by @ApeXProtocolCN | Dex With ApeX

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