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[Stablecoin Market Cap Recovers Slowly, Liquidity Constraints Limit Bitcoin's Break to New Highs] CryptoQuant analyst Darkfost stated that the stablecoin market cap has been recovering slowly, shrinking by $14 billion since May this year. Although the market cap of stablecoins has grown by $4 billion since September, rebounding to $270 billion, the overall recovery remains weak. The market still requires larger-scale liquidity support to drive Bitcoin to reach a new all-time high.