CryptoQuant warns of extreme pressure on USDT liquidity, suggesting Bitcoin price may be nearing its bottom.
PANews reported on February 23 that CryptoQuant, in an analysis published on the X platform, pointed out that USDT is currently under extreme liquidity pressure, similar to the market bottom in 2022. Meanwhile, net inflows into stablecoin exchanges have fallen from a high of $616 million in November 2025 to $27 million, indicating weakening marginal buying power and a contraction in liquidity deployable in the crypto market. Furthermore, prediction market data shows that traders are increasing their bets on further Bitcoin declines. On the decentralized prediction platform Polymarket, the probability of Bitcoin falling below $55,000 has risen to 72%, with related contracts accumulating a trading volume of $1.2 billion. Additionally, the probabilities of falling below $50,000 and $45,000 are 67% and 47% respectively, corresponding to trading volumes of approximately $170,000 and $1.4 billion respectively.
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