On this day, the cryptocurrency market showed a clear flow of funds concentrated on USDT and BTC. Conversely, over $100 million flowed out of the G7, with a simultaneous movement towards stablecoins.
According to CryptoMeter as of the 7th, the most active inflow of funds in the global cryptocurrency market over the past 24 hours was in US dollars (USD), with a total inflow of $125.9 million.
The dollar inflow funds mostly moved to ▲BTC ($83.7 million) ▲XRP ($16.4 million) ▲ETH ($12 million) ▲USDT ($6.7 million), showing a trend of securing standby liquidity centered on base assets. Additionally, it was dispersed in small amounts to ▲PENGU ($2.9 million) ▲SOL ($2.7 million) ▲XLM ($1.4 million).
Korean Won (KRW) was injected with a total of $9.1 million, dispersed to ▲BTC ($2.9 million) ▲ETH ($2.6 million) ▲PENGU ($2.2 million) ▲DOGE ($1.2 million) in order.
The Japanese Yen (JPY) based inflow was a total of $8.7 million, which was entirely converted to Bitcoin (BTC). The Euro (EUR) based total of $5.6 million was dispersed to ▲USDT ($1.5 million) ▲USDC ($2.7 million) ▲SOL ($1.3 million).
Brazilian Real (BRL) based funds ($2.8 million) were injected into ETH, while Turkish Lira (TRY, $1.9 million) and UAE Dirham (AED, $1.4 million) moved entirely to USDT.
USDT inflow was a total of $168.8 million, with funds actively dispersed to ▲ETH ($67.6 million) ▲USDE ($28.7 million) ▲SOL ($21 million) ▲FDUSD ($19 million) ▲TRX ($18 million) ▲BNB ($13.1 million) ▲SUI ($9 million) in order.
Additionally, some USDT funds were scattered across various altcoins such as ▲PENGU ▲ADA ▲ENA ▲UNI ▲BONK ▲TON ▲BETH ▲ARB, indicating liquidity spread across the market.
USDC inflow was calculated at $69.7 million. Funds were mainly injected into ▲BTC ($48.4 million) and dispersed in small amounts to ▲FDUSD ($11.4 million) ▲USDE ($4.2 million) ▲USDT ($3.2 million) ▲BNB ($2.4 million).
Funds amounting to $144 million flowed into Bitcoin from dollars and USDC. Some of these funds were converted to ▲ETH ($16.4 million) and ▲WBTC ($8.7 million).
In terms of net outflow, a total of $102 million was withdrawn from the G7, entirely converted to USDT.
Solana (SOL) experienced a sell-off of $25.8 million, with $19.8 million moving to FDUSD and $6.1 million to USDC.
$9 million moved from XUSD to USDT, and $5.1 million from XRP was dispersed to Euro (EUR) and USDC.
Sell-off movements were also detected in various altcoins such as XMR ($7.8 million), SUI ($4.8 million), and ILV ($3.2 million).
$289.8 million flowed into stablecoin USDT, with some converted to Korean Won ($8.5 million).
USDC funds of $134.2 million were mostly converted ($133.2 million) to USDT, with some also moving to Korean Won ($1 million). Another stablecoin FDUSD received $44.5 million.
BTC funds of $23.8 million mostly moved to ▲FDUSD ($16.5 million), with also moving to ▲Euro ($3.4 million) ▲Pound ($2.8 million) ▲Real ($1.1 million).
Ethereum (ETH) funds of $18.2 million were scattered to USDC ($15.7 million) and FDUSD ($2.5 million).
Funds converted to fiat currency were calculated as Korean Won $23 million, Euro $5.9 million, Brazilian Real (BRL) $1.1 million, Pound $2.8 million, and Dollar $2.1 million.
Particularly, Korean Won was noted as the final outflow path, being converted from various assets including USDT, ILV, OMNI, SWELL, SPK, ENA, DAO, LEVER, SHIB, and others.
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