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Liquidity in the crypto economy has improved, but there is “no huge demand for re-leveraging,” according to a Morgan Stanley analyst.

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In Science and Space: According to a recent report by Sheena Shah, cryptocurrency research head at Morgan Stanley, the crypto winter may be beginning to end since institutional investors have stopped redeeming the top two stablecoins in the market. The U.K.-based analyst added that demand among investors looking for leverage has also decreased. There has been a severe lack of loans from decentralised finance (defi). Shah was specific.

The whole stablecoin market valuation, which is presently valued at $153.26 billion, did not decline in value for the first time since April 2022, according to Morgan Stanley’s Sha. “Extreme institutional deleveraging,” according to the Morgan Stanley analyst, has temporarily ceased for the time being. According to recent market statistics, USDT’s market capitalization has increased 2.6% over the past 30 days, while USDC’s market capitalisation has decreased 4.6%.

In the investors’ letter released on Monday, Shah stated, “There doesn’t seem to be a tremendous need to re-leverage in the crypto sector at this point. The head cryptocurrency analyst at Morgan Stanley continued, “It will be difficult for this crypto cycle to bottom without fiat leverage expanding or crypto leverage growing.

The USDC market valuation decline was detected by the Morgan Stanley cryptocurrency researcher, who also highlighted that it began in the first week of July. According to Shah’s email to investors, “the reduction in USDC market value started prior to the regulation change and seems comparable to the dip observed earlier in the year between March and May.”

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