**[BIT Official: Stablecoin Outflows Persist, Bitcoin Faces Liquidity Pressure]** According to a report by Jinse Finance on June 8, BIT Official released its daily chart analysis, stating that although the market is currently focused on the potential decline in purchasing power from Strategy (formerly MicroStrategy), two rules remain crucial in the crypto market: following the trend and tracking capital flows. When liquidity reverses, it often signals a shift in the market environment, and the risk of bottom-fishing too early becomes extremely high. During this bull market cycle, the monthly change in stablecoin supply had consistently remained positive. However, the market is now experiencing a second wave of stablecoin outflows. Over the past 30 days, the net outflow has reached approximately $5 to $6 billion. The slowdown in capital inflows, combined with rising volatility, has significantly weakened the liquidity environment's support for the market. This not only puts pressure on crypto assets but also impacts stablecoin issuers. As a result, the current phase of consolidation and turbulence may persist until capital outflows stabilize and recover.