Bitcoin’s 14% Q2 drop came as stablecoin market contracts for first time since 2023

- Bitcoin’s Q2 slide wasn’t just a 14% drop; it was a liquidity autopsy. Stablecoin supply contracted for the first time since 2023, proving that when the market bleeds, the cash layer dries up first. Yield-bearing tokens like sUSDe got rekt as capital fled to boring, regulated RWAs. Meanwhile, Ethereum L2s bled $4.34B in stablecoins, while Tron and BNB Chain kept the payment pipes flowing. USDC is quietly eating Tether’s lunch in Europe thanks to MiCA compliance, turning regulatory boredom into market share. The moonboys are crying over charts, but the real story is the flight to safety. Where's my cut? I want my share of this institutional pivot.