[Analyst: Decline in Stablecoin Reserves Signals Liquidity Contraction, Bitcoin Breakthrough Still Lacks Funding Support] Odaily Planet Daily News – CryptoQuant analyst Darkfost posted on the X platform, pointing out that Bitcoin has been oscillating around the key $60,000 support level for nearly 165 days, failing to stabilize and reignite upward momentum. One core reason is the lack of new liquidity in the market. Over the past 30 days, Binance and Bybit have seen net outflows of stablecoin reserves totaling nearly $2.3 billion. Demand for Bitcoin and the broader crypto market remains weak. Since the beginning of this year, stablecoin reserves on exchanges have been continuously declining. This pessimistic market sentiment continues to limit the funding support needed for Bitcoin to break out of its current consolidation range. However, with regulatory measures such as the 'GENIUS Act' requiring stablecoins to enhance compliance, the decentralized nature of the stablecoin ecosystem may be weakened. In the long term, this could further highlight Bitcoin's decentralized characteristics.