Tether sees $1B drop in USDT as Bitcoin recovery faces challenges
Photo: Crypto Briefing
A contraction in stablecoin supply is raising questions about whether Bitcoin's momentum can hold without fresh liquidity entering the market. Tether ’s USDT shed nearly $1 billion in market capitalization over five days in mid-October 2026, a contraction that is putting pressure on Bitcoin ’s recovery at a delicate moment. On-chain analytics firm CryptoQuant tracked the $1 billion decline as Bitcoin was attempting to rebuild upward momentum. The broader picture, drawn from data compiled by Crystal Intelligence, is harder to ignore.
Source: Crypto Briefing
