Another month; another update: The stable coin market cap continues to stagnate a month later. This is certainly consistent with the recent weak PA we've seen from BTC + alts as declining liquidity suggests the start of bear market conditions. Sauce: Raw data courtesy of my @DefiLlama Pro sub: Table: week over week stable coin market cap Chart 1: 2018 to 2025 WoW stable coin liquidity Chart 2: 2024 to 2025, WoW stable coin liquidity(CryptoCondom)