CryptoQuant warns that USDT liquidity is under extreme pressure, and Bitcoin prices may be approaching the bottom

CryptoQuant's analysis on platform X indicates that USDT is currently under extreme liquidity pressure, similar to the market bottom period in 2022. Meanwhile, the net inflow of stablecoins to exchanges has dropped from a peak of $616 million in November 2025 to $27 million, showing a weakening marginal buying power, and "the liquidity available for deployment in the crypto market is contracting."

Additionally, predictive market data shows that traders are increasing their bets on further downside for Bitcoin. The probability of Bitcoin falling below $55,000 on the decentralized prediction platform Polymarket has risen to 72%, with the total trading volume of related contracts reaching $1.2 billion. Furthermore, the probabilities of falling below $50,000 and $45,000 are 67% and 47%, respectively, with corresponding trading volumes of approximately $170,000 and $1.4 billion.