Amidst the massive capital movement centered around the dollar and stablecoins, Bitcoin is emerging as the strongest absorber, strengthening the market's defensive positioning.
According to Cryptometer, as of the 5th, the total USD-based inflow was $32.1 million. Of this, $13.6 million flowed into BTC, accounting for the largest portion, followed by $6.3 million into XLM and $5.2 million into ETH. Funds were also distributed to cryptocurrencies such as XRP, DOGE, and PAXG.
The EUR-based inflow amounted to $17.1 million. Of this, $16.5 million flowed into BTC, with the majority concentrated there. The KRW-based inflow amounted to $10.3 million, with $6.4 million flowing into BTC and some flowing into USDT and PEPE.
A massive $191.7 million USDT fund flowed in. $78.2 million flowed into USDC and $58.4 million into BTC, forming the main inflow channels. Funds also flowed widely into USD1, LUNC, BNB, HYPE, IP, XPL, and WIF.
FDUSD-based funds moved $50.4 million, of which $47.2 million went to BTC.
Looking at the final inflow by asset, BTC recorded the strongest inflow, with a total inflow of $146.4 million. This was followed by USDC with $78.2 million, ETH with $9.9 million, USD1 with $8.6 million, BNB with $8.4 million, and XLM with $6.3 million.
ETH-based outflows totaled $69.3 million. Of this, $51 million flowed into USDT, accounting for the largest portion, followed by $9.8 million into USDC and $7.3 million into BTC.
$36.9 million flowed from BTC to USDC. The SUI-based outflow amounted to $17.6 million, of which $12.4 million flowed to USDT, $3.7 million to the US dollar, and $1.5 million to USDC, demonstrating a clear return to stablecoin activity.
In USDE, $15 million was converted to USDT. A total of $11.4 million flowed out of FDUSD, with $8.3 million moving to USDT and $3.1 million to USDC.
XRP also saw an outflow of $13.8 million, of which $9.7 million went to USDT, $2.4 million to FDUSD, and $1.7 million to Korean Won (KRW).
SOL saw an outflow of $7.7 million, while $4.4 million flowed into FDUSD and $3.3 million flowed into USDT. ZEC saw an outflow of $6.8 million, of which $5.7 million flowed into USDT.
$6.2 million flowed from PEPE, $4.7 million from BETH, and $4.5 million from BCH into USDT. Additionally, smaller but shallow outflows were observed from several altcoins, including LTC, PUMP, APEX, TAO, DOGE, BNB, BONK, and 0G.
A total of $139.9 million in USDT funds were transferred. Of this, $12.6 million was transferred to US dollars, indicating some cash flow.
USDC served as a major absorber, attracting $53.9 million and the US dollar $25.1 million. The Korean Won (KRW) also saw an inflow of $13.5 million.
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