According to CoinMeta, as reported by Beincrypto, data from CryptoQuant shows that the reserves of centralized exchange stablecoins have decreased from approximately $80 billion at the end of 2025 to around $64 billion, a reduction of about $16 billion. The share of stablecoins has risen from just over 60% to 68.5%, with platforms such as Coinbase, Bybit, and OKX experiencing more significant reductions. Santiment has observed an increase in pessimistic rhetoric on X and Reddit, with the Crypto Panic Greed Index reaching 46. The total supply of stablecoins has also fallen from nearly $316 billion in May to $300.89 billion, a decrease that is less pronounced than that on the exchange side.