The liquidity in the crypto market is completely stagnant right now. According to the latest data from DeFiLlama, the current total market cap of stablecoins remains at a high of $308.5 Billion. The money hasn’t flowed out of the space on a large scale, but most of it is sitting in exchange savings accounts, earning interest in DeFi lending protocols, or idling in wallets in the form of USDT. At the same time, market activity has plummeted drastically.