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Bitcoin faces $70,000 test as $14.2 billion stablecoin contraction exposes demand weakness

By Oluwapelumi Adejumo

Bitcoin is facing a fresh liquidity squeeze as mounting losses among recent buyers threaten to derail its recovery. Stablecoin supply has contracted by $14.2 billion over the past month, its sharpest decline since June 2022, while Bitcoin's apparent demand has fallen by 284,000 BTC, approaching levels last seen during…

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