Stablecoin exchange net flow turns positive after 113 days of outflows

According to ME News, on September 3 (UTC+8), CryptoQuant analyst Axel Adler Jr. noted that the 30-day average net flow of stablecoins turned positive for the first time on September 1 (+$13.85 million), ending 113 consecutive days of net outflows since May 11. However, this reading declined over the next two days to $11.66 million and $6.85 million, a drop of approximately 51%, indicating that positive momentum is weakening. Meanwhile, the Stablecoin Supply Ratio (SSR) has retreated from its peak on August 26, and while three oscillation indicators remain above zero, suggesting a partial recovery in relative purchasing power, they are still below recent norms. The analyst stated that the current signals are better interpreted as the end of net outflows rather than confirmation of sustained inflows. While stablecoin net flow is no longer clearly negative and SSR has declined from recent highs, neither indicator confirms sustained liquidity expansion. A full liquidity reversal requires consistent and growing positive net flows on exchanges, alongside SSR oscillation indicators continuing to decline into neutral territory. Currently, only the first phase of transition—from outflows to a more balanced state—has been completed, with the primary risk being a return of net flow to negative territory. (Source: ChainCatcher)