Stablecoin exchange net inflow ends 113-day outflow; liquidity turns neutral

Huoxing Finance reports that on September 3, CryptoQuant analyst Axel Adler Jr. stated that the 30-day net flow of stablecoins on trading platforms turned positive for the first time on September 1, after 113 consecutive days of net outflows, indicating a shift in the previously consistent outflow environment of stablecoin liquidity. The 30-day average net flow of stablecoins (ERC20) on trading platforms remained negative from May 11 to August 31, totaling 113 consecutive days of net outflows. On September 1, this metric rose to $13.85 million, then declined to: $11.66 million on September 2 and $6.85 million on September 3. The two-day positive net inflow decreased by approximately 51%, suggesting the liquidity environment is currently transitioning from sustained outflows to a balanced phase, rather than confirming large-scale capital inflows. Meanwhile, the Bitcoin Stablecoin Supply Ratio (SSR) is declining from its August high. The SSR stood at 13.84 on September 1, with 90-day, 200-day, and 365-day oscillation indicators all remaining positive, indicating that the relative purchasing power of stablecoins is improving, though it has not yet returned to a clear expansion phase. Current market signals remain neutral. If future net inflows into stablecoin trading platforms continue to expand while the SSR continues to decline, it may further confirm a liquidity reversal in the crypto market; if net flows fall back below zero, it would suggest this improvement was merely a temporary fluctuation.