# Reduction Articles associés

Le Centre d'actualités HTX fournit les derniers articles et analyses approfondies sur "Reduction", couvrant les tendances du marché, les mises à jour des projets, les développements technologiques et les politiques réglementaires dans l'industrie crypto.

CryptoQuant: USDT Supply Reduction Reaches Historically Extreme Levels

CryptoQuant analysts report that the supply of the USDT stablecoin has sharply contracted, nearing historically extreme levels, and that this reduction in liquidity is a key factor hindering Bitcoin's recovery. The market capitalization of USDT has fallen to $183 billion, its lowest since October 2025. Its 60-day change is approximately -$4 billion, approaching record lows, with supply shrinking nearly $870 million in just the last 11 days. This signals an acceleration in liquidity outflow. Analysts note there is no direct causal link between USDT flows and Bitcoin's price; both are reacting to the same risk-off environment where investors reduce risky positions. Historically, however, periods of expanding USDT supply have coincided with Bitcoin rallies, while contractions have been associated with weaker demand, deeper corrections, and poor market liquidity. The current aggressive shrinkage of this major liquidity pool is preventing price bounces from turning into a sustained recovery. For market conditions to improve, CryptoQuant states that the 60-day change in USDT's market cap must stabilize, its daily supply reduction must slow, and the stablecoin must return to growth. The firm also observes that past periods of the deepest USDT supply contractions have often coincided with seller exhaustion rather than intensifying pressure, suggesting the market may be nearing a point where recovery conditions could gradually improve, though no signs of new capital inflow are currently visible.

cryptonews.ruHier 18:58

CryptoQuant: USDT Supply Reduction Reaches Historically Extreme Levels

cryptonews.ruHier 18:58

E Fund "Quits Drinking"

"Yi Fang Da 'Gives Up Alcohol'" - Summary The article analyzes the recent portfolio adjustments of star fund manager Zhang Kun, focusing on his flagship funds, the Yi Fang Da Blue Chip Select and Yi Fang Da Quality Select. The key trend highlighted is a significant and ongoing reduction in exposure to the consumer sector, particularly liquor (baijiu) stocks like Kweichow Moutai and Wuliangye, which were once core holdings. This shift is driven by several factors: a downturn in the consumer sector's business cycle post-pandemic, with slowing earnings growth for major players; a change in consumer behavior towards value over premium brands; and high channel inventory pressures, especially in the liquor industry. These fundamentals have led to a prolonged phase of valuation contraction for consumer stocks. Concurrently, market capital has rotated aggressively towards the high-growth technology sector, especially AI-related chains, which have dominated fund inflows. This style shift has further diminished the attractiveness of traditional consumer "core assets" for many funds. As a result, Zhang Kun's funds have drastically cut their consumer stock allocations. For example, the Blue Chip Select's baijiu holding proportion has fallen from over 40% to around 20%, and its overall top 10 holdings concentration dropped sharply. This mirrors a broader trend in the active equity fund industry, where allocations to consumer staples have plummeted to multi-year lows while technology holdings have surged. The article concludes that while the consumer sector's valuations are now at historical lows, offering some margin of safety, the fundamental outlook remains challenging due to weak macro consumption recovery and intense internal competition. Therefore, the sector is likely to see only sporadic rebounds rather than a sustained recovery, continuing to weigh on the performance of funds still heavily invested in it. Zhang Kun's timely reduction of Korean semiconductor holdings in his Asia Select fund amid a market crash is also noted as a contrast to his domestic strategy.

marsbit07/30 03:06

E Fund "Quits Drinking"

marsbit07/30 03:06

Toncoin Fees To Drop 6x As Network Moves Toward Feeless Transactions

Telegram founder Pavel Durov announced that the Toncoin (TON) network will reduce transaction fees by six times in one week, lowering the cost to just 0.00039 TON (approximately $0.0005). This fee reduction is part of the "Make TON Great Again" (MTONGA) roadmap and will remain fixed regardless of network congestion. The update follows a recent upgrade that made the network 10 times faster and transactions nearly instant. Durov also hinted that future steps aim to make most transactions fully feeless. Although Telegram discontinued formal involvement with TON due to regulatory issues, Durov remains a strong supporter. Currently, Toncoin is trading around $1.30, down over 8% in the past week.

bitcoinist04/25 04:32

Toncoin Fees To Drop 6x As Network Moves Toward Feeless Transactions

bitcoinist04/25 04:32

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