Bitcoin's $60K Breakout Fizzles Amid Weak Stablecoin Inflows

Bitcoin's recent price breakout above $60K has been short-lived as weak stablecoin inflows have stifled fresh buying demand.

Data from crypto.news indicates that Bitcoin (BTC) is trading near $59,300 after briefly reclaiming the psychological $60,000 level before falling back below it.

CryptoQuant analyst Sunny Mom notes that the market lacks the necessary capital to support a sustained breakout, citing weak stablecoin inflows as a major concern.