BlockBeats News, August 8th, Founder of Lebit Pool (B.TOP) Jiang Zhuo'er stated in a post that stablecoins in the crypto market continue to flow out. In the past month, the total market value of stablecoins has decreased, with USDT dropping from $184.2 billion to $183.1 billion, and USDC dropping from $73.28 billion to $72.15 billion, totaling a decrease of $2.23 billion.

Currently, there is no sign of a bull market initiation based on the funding situation. Bitcoin may rebound at most to the $68,000 to $70,000 level and then experience a final drop after liquidating the shorts.