Bank reserves rose by $67.5 billion between October 28 and November 4, while the Treasury account at the Fed declined by $79.4 billion. Over the same period, DefiLlama tracked a 5.7 billion-unit, or 1.91%, contraction in dollar-pegged stablecoin supply, with USDT accounting for 63.37% of the decline. Bitcoin fell 5.54% on November 5, closing at $75,969.06 after reaching $80,428.31 the previous day. The decline followed the reserve observation period, preventing a direct link from being established between increased banking liquidity and Bitcoin buying.
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