Stablecoin market cap is rising again a new signal for crypto?

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The total market capitalization of stablecoins is recovering quickly, while Bitcoin is still lagging behind.
Historically, growth in stablecoin supply is often seen as a sign of fresh liquidity entering the crypto market, which can later flow into major assets.
However, there s an important nuance: stablecoin market cap was growing through most of 2025 as well, while BTC s performance during that period was far from impressive.
So the key question remains is this new liquidity preparing for the next market move, or just sitting on the sidelines for now?