Stablecoin cash flow has sharply decreased
After a growth phase with over 140 billion USD in additional market capitalization since 2023, the total market capitalization of stablecoins began to decline from December, ending a prolonged upward trend.
The most important signal lies in the stablecoin inflow to exchanges
Stablecoin inflow to exchanges → indicates demand to participate in the market, readiness to purchase risky assets
Stablecoin outflow from exchanges → prioritizes capital preservation, reduces risk
October: Liquidity remains extremely strong
The average net stablecoin flow per month exceeds 9.7 billion USD
Specifically, Binance accounts for nearly 8.8 billion USD
👉 This abundant liquidity has supported Bitcoin's strong rise to new highs
From November: The situation changes entirely
Previous net cash flows were almost completely wiped out
Initially, there was a sharp decline of 9.6 billion USD
After a short period of stabilization, the cash flow continued to be negative
More than 4 billion USD in stablecoins has been withdrawn.
Liquidity is withdrawing from the crypto market, and this is a factor that you need to closely monitor in the current phase.
