Lưu ròng vào sàn giao dịch stablecoin kết thúc chuỗi 113 ngày rút ra, thanh khoản chuyển sang trạng thái trung tính

The Huoxing Finance report states that on September 3, CryptoQuant analyst Axel Adler Jr. posted that the 30-day net flow of stablecoin trading platforms turned positive for the first time on September 1, after 113 consecutive days of net outflows, indicating a shift in the previously persistently outflowing stablecoin liquidity environment. The 30-day average net flow of stablecoin (ERC20) trading platforms remained below zero from May 11 to August 31, totaling 113 days of net outflows. On September 1, this metric rose to $13.85 million, then declined to: September 2: $11.66 million; September 3: $6.85 million. The two-day positive net inflow decreased by approximately 51%, and the current situation should be viewed more as a transition from sustained outflows to a balanced liquidity phase, rather than confirmation of 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 the 90-day, 200-day, and 365-day oscillation indicators all remaining positive, indicating that the relative purchasing power of stablecoins is improving, but 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 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 that this improvement may only be a temporary change.