The total market capitalization of stablecoins has declined for a month, with an outflow of $6.9 billion.

CryptoQuant analyst CW8900 points out that the total market capitalization of stablecoins has declined for over a month, from $270.3 billion on October 1st to $263.4 billion, with $6.9 billion flowing out of the market in the past month. CW8900 states that bull market trends are typically accompanied by capital inflows; currently, with continuous capital outflows and Bitcoin in a bearish phase, a market rebound requires a return of stablecoins.