According to ME News, on June 13 (UTC+8), CryptoQuant analyst Axel Adler posted that Bitcoin (BTC) is flowing heavily into exchanges, while stablecoin liquidity continues to drain out, worsening supply and demand conditions on both sides—a key factor behind Bitcoin’s approximately 22% decline from its May high. Data shows that Bitcoin’s 30-day net exchange flow indicator has turned distinctly positive, currently at around +114,000 BTC. This marks a shift from the net outflow of approximately -85,000 to -115,000 BTC observed in early May, indicating the market has transitioned from an accumulation phase to a distribution phase. The indicator briefly peaked at around +167,000 BTC in early June, suggesting more holders are transferring BTC to exchanges, increasing potential selling pressure. Meanwhile, the 30-day moving average net flow of stablecoins has remained negative, currently at approximately -$105 million. In early May, this metric was still in the range of +$40 million to +$90 million, reflecting strong buying liquidity; however, since mid-May it turned negative and widened to around -$150 million to -$170 million in early June, indicating stablecoin funds are leaving exchanges and market “ammunition” is diminishing. (Source: ChainCatcher)
CryptoQuant: BTC exchange inflows surge to 114,000, stablecoin outflows weigh on market
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Summary
Altcoins to watch may face pressure as BTC exchange inflows reach 114,000, according to CryptoQuant. Inflow/outflow data shows a 30-day net BTC flow now positive, reversing the -85,000 to -115,000 BTC outflows seen in early May. Meanwhile, stablecoin liquidity remains under pressure, with 30-day net outflows at -$105 million, down from $40 million to $90 million in early May.
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