Stablecoin mint-flow tracker: large USDC/USDT mint transactions as a leading liquidity indicator. Sources: 5/5 healthy this cycle. This is a single overwritten snapshot, not an accumulating history — the most recent real cycle only.
| Ticker | Signal | Conviction | Data point | Summary | Source |
|---|---|---|---|---|---|
| BTC | BEARISH | 0.34 | -37,124,027 USDC net issuance on Ethereum (731 mints 37,323,016.56 / 269 burns 74,447,043.55 USDC; no single mint >= 10M), 2026-11-04T04:12Z -> 2026-11-04T07:01Z | [USDC mint/burn flow, mapped to BTC as a liquidity read per seat design] USDC minted minus burned over the window (rule: net issuance >= $25M = new dollar liquidity (BULLISH), net redemption <= -$25M = liquidity leaving (BEARISH), else NEUTRAL) | source → |
| ETH | BEARISH | 0.34 | -37,124,027 USDC net issuance on Ethereum (731 mints 37,323,016.56 / 269 burns 74,447,043.55 USDC; no single mint >= 10M), 2026-11-04T04:12Z -> 2026-11-04T07:01Z | [USDC mint/burn flow, mapped to ETH as a liquidity read per seat design] USDC minted minus burned over the window (rule: net issuance >= $25M = new dollar liquidity (BULLISH), net redemption <= -$25M = liquidity leaving (BEARISH), else NEUTRAL) | source → |
| BTC | BEARISH | 0.53 | -$468.0M USDC market-cap change 24h (= net issuance at the $1 peg, all chains); circulating supply 70,621,776,412.11 USDC | [USDC mint/burn flow, mapped to BTC as a liquidity read per seat design] USDC all-chain supply change over 24 h (rule: >= +$100M = new dollar liquidity (BULLISH), <= -$100M = BEARISH, else NEUTRAL) | source → |
| ETH | BEARISH | 0.53 | -$468.0M USDC market-cap change 24h (= net issuance at the $1 peg, all chains); circulating supply 70,621,776,412.11 USDC | [USDC mint/burn flow, mapped to ETH as a liquidity read per seat design] USDC all-chain supply change over 24 h (rule: >= +$100M = new dollar liquidity (BULLISH), <= -$100M = BEARISH, else NEUTRAL) | source → |
| BTC | BEARISH | 0.6 | -$710.4M USDT market-cap change 24h (= net issuance at the $1 peg, all chains); circulating supply 178,373,746,488.1 USDT | [USDT mint/burn flow, mapped to BTC as a liquidity read per seat design] USDT all-chain supply change over 24 h (rule: >= +$100M = new dollar liquidity (BULLISH), <= -$100M = BEARISH, else NEUTRAL) | source → |
| ETH | BEARISH | 0.6 | -$710.4M USDT market-cap change 24h (= net issuance at the $1 peg, all chains); circulating supply 178,373,746,488.1 USDT | [USDT mint/burn flow, mapped to ETH as a liquidity read per seat design] USDT all-chain supply change over 24 h (rule: >= +$100M = new dollar liquidity (BULLISH), <= -$100M = BEARISH, else NEUTRAL) | source → |