Catrix Daily | Jun 23, 2026

Stablecoin supply just fell 16% in a month. Where did all the dry powder go?

AI Forecast
BTC: Slightly Bullish 📈 63/100 | ETH: Slightly Bearish 📉 33/100

Dollar index at 13-week high (z=1.91), yield curve inverted to 0th percentile. Max macro headwind for both assets.

Today's Focus: Supply Structure
→ BTC: Stablecoin MCAP -16.2% (30D) — buying power draining fast. But ETF outflows nearly stopped at -1,681 BTC last week vs -52K over the month. Sellers may be exhausting.
→ ETH: Only 31.2% of supply in profit. Mega-whales absorbed $826M in 7D (z=1.81), exchange balance near 6-month lows. Capitulation zone — smart money is loading quietly.

Less fuel to rally. But fewer sellers left too. Which matters more right now?
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