According to a recent report by Matrixport on January 14th, the stablecoin minting data for the past seven days reveals a marked decline in fiat inflows into the crypto market preceding the Christmas holiday. This deceleration appears to correlate with the Federal Reserve’s shift toward a hawkish monetary policy in mid-December. The ongoing stagnation in fiat inflows into stablecoins suggests that both Bitcoin and other cryptocurrencies may face ongoing consolidation pressures. Despite the conclusion of the holiday lull, a significant uptick in stablecoin inflows has yet to materialize. This persistence of low minting activity serves as a crucial indicator of shifts in market demand, with rising stablecoin minting typically heralding increased interest in cryptocurrency assets. Presently, while there has been a minor bounce in stablecoin minting, its longevity remains in question. Continuation of this trend is vital for effectively lifting Bitcoin out of its current consolidation phase and reigniting a bullish market momentum.