ChainCatcher 消息，尽管市场目前普遍关注 Strategy 买入力度可能下降，但在加密市场中，有两条规则始终重要：顺势而为，以及跟随资金流向。当流动性出现逆转时，通常意味着市场环境正在切换，此时过早抄底的风险极高。本轮牛市期间，稳定币供应量的月度变化此前一直保持正值，但市场目前正经历第二轮稳定币流出。
过去 30 天内，净流出规模约达 50 至 60 亿美元。资金流入放缓叠加波动率上升，使流动性环境对市场的支撑明显减弱。这不仅对加密资产构成压力，也会影响至稳定币发行方。因此，当前的震荡整理或将持续，直到资金流出现恢复。
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