According to DefiLlama data, the total market cap of stablecoins is approximately $314.469 billion, down about $730 million over the past 7 days and decreasing by 2.32% over the past 30 days. USDT accounts for roughly 59.17%. Stablecoins are like the 'ammo depot' of the crypto world. When prices rebound but stablecoins don't expand, it indicates more of a stock game rather than a large influx of new funds. If the total amount of stablecoins starts growing again and $BTC stops hitting new lows, then we might see an upgrade from a 'rebound' to a 'short-term bullish window.' Stablecoins continue to shrink, and altcoins suffer the most; Mainstream coins can still rely on ETFs and institutions for support, but altcoins are left to depend on sentiment. Will the total market cap of stablecoins grow again? Will stablecoins on chains like Solana, Base, and Hyperliquid resume inflows?