No fresh liquidity is entering the market.


Stablecoin supply has been flat since October. ETF flows have turned negative. DAT inflows have stalled. Fundraising is back to bear-market levels.
When all major inflows slow at the same time, price usually follows.
The only potential catalysts now: • RWA accumulation
• Big players returning to DeFi
• Impact of the CLARITY Act
If these don’t bring real capital in, liquidity stays dry.
RWA-0,95%
DEFI-9,58%
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