CryptoQuant: Bitcoin exchange inflows jump to 114,000 BTC as stablecoin outflows sap liquidity

CryptoQuant analyst Axel Adler said Bitcoin is moving into exchanges at a rising pace while stablecoin liquidity continues to flow out, tightening market supply-demand dynamics and contributing to BTC's roughly 22% pullback from its May peak, ME News reported on June 13 (UTC+8). CryptoQuant data show the 30-day net exchange flow for Bitcoin has turned decisively positive, now around +114,000 BTC. The metric had been in net outflow territory in early May, at roughly -85,000 to -115,000 BTC, pointing to a shift from accumulation to distribution. The indicator briefly topped out near +167,000 BTC in early June, signaling more holders have been transferring BTC to exchanges and increasing potential sell-side pressure. At the same time, the 30-day moving average net flow of stablecoins remains negative at about -$105 million. In early May, the figure was still positive at roughly +$40 million to +$90 million, consistent with robust buying liquidity. It turned negative in mid-May and widened to around -$150 million to -$170 million in early June, suggesting stablecoin capital is leaving exchanges and reducing available buying power. (Source: ChainCatcher)