Copper Report: The slowdown in USDT supply growth reflects a decrease in liquidity in the cryptocurrency market.

ChainCatcher news, according to Cointelegraph, the growth of USDT supply in June has significantly decreased, reflecting a reduction in liquidity in the crypto market.

A report from cryptocurrency custodian Copper shows that as of June 24, the month-over-month growth of Tether (USDT) supply was less than 1.5%, significantly lower than the growth rates in April and May (over 5%).

Copper's research director Fadi Aboualfa stated, "This indicates that as Bitcoin and Ethereum face downward pressure, the liquidity flowing into the crypto market is decreasing, while altcoins are still lagging far behind, with almost no hope for a significant rebound in the short term."

USDT trading volume has dropped from a historical high of $76.72 billion on March 11 to $5.35 billion on June 24. With the market cap of USDT reaching $113 billion, the slowdown in supply growth indicates a decrease in funds flowing into the crypto market.

Additionally, the daily outflow from the Bitcoin market has recently increased significantly, with over $540 million flowing out last week. Over the past 30 days, the price of Bitcoin has fallen by more than 10%, from $68,000 to $62,000.