[Jiang Zhuoer: No Signs of Bull Market Initiation in Terms of Capital Flow, Rebound to $68K-$70K May Lead to Final Drop] BlockBeats News, August 8 — Jiang Zhuoer, founder of the mining pool B.TOP, stated in a post that stablecoins within the crypto market are still experiencing continuous outflows. Over the past month, the total market capitalization of stablecoins has seen USDT drop from $184.2 billion to $183.1 billion, and USDC decline from $73.28 billion to $72.15 billion, with a total reduction of $2.23 billion. Currently, the capital flow situation does not show any signs of a bull market initiation. Bitcoin may rebound to the $68K-$70K range, followed by a final drop after liquidating short positions. [Original Link]