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Crypto fund EMC Labs pointed out in its October briefing that USDT inflows were $1.759 billion last month, USDC outflows were $887 million, and stablecoins totaled $993 million. On October 15, the stablecoin turned from outflow to inflow, and the next day BTC started to soar mode, and USDT, mainly used by Asia, Europe, and the Americas, was the direct cause of this round of rise. In the first 10 months, stablecoins continued to outflow $13.8 billion, and October was the first month to record a net inflow, which could be an inflection point, if so, it would mean the end of the stablecoin bear market.


In the monthly report in 2023, EMC Labs judged that the data on the bit network chain continues to improve, BTC has broken through the box suppression, and the market is expected to fluctuate upward along the channel.
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