The supply of stabelcoins has shrunk dramatically. The total | Boblles Channel

The supply of stabelcoins has shrunk dramatically.

The total supply of Stablecoins in the cryptocurrency industry (in red) has dropped by $8.4 billion in the past month - and it's a record figure.

Consequently, many people left the Stables for cash, which is hardly surprising in the current market. This lets us know that the level of fear in the market is very high.