Stablecoin mcaps only fall in bear markets. Historically stables have an up only trend, with small pull backs seen only twice before, from mid-2022 and October 2018. It means capital is leaving the crypto market today. Not a bottom signal, but if like the past may suggest the process is somewhat advanced. In both prior cases, stablecoin mcaps plateaued or trended back up as the Bitcoin price floor was put in.(Charles Edwards)