Data: CryptoQuant analysts say BTC exchange inflows surged to 114,000 coins, while stablecoin outflows weakened buying pressure, causing structural pressure on the market.

According to ME News, on June 13th (UTC+8), CryptoQuant analyst Axel Adler stated that Bitcoin (BTC) is experiencing a large influx of funds into exchanges, while stablecoin liquidity continues to flow out. This simultaneous deterioration on both the supply and demand sides of the market is considered a significant reason for Bitcoin's approximately 22% drop from its May high. Data shows that Bitcoin's 30-day net exchange flow indicator has turned significantly positive, currently at approximately +114,000 BTC. Compared to the net outflow of approximately -85,000 to -115,000 BTC in early May, the market has shifted from an accumulation phase to an allocation phase. This indicator rose to approximately +167,000 BTC in early June, indicating that more holders were transferring BTC to exchanges, increasing potential selling pressure. Meanwhile, the 30-day moving average net flow of stablecoins remains negative, currently at approximately -$105 million. In early May, this indicator was still in the range of +40 million to +90 million USD, representing strong buying liquidity in the market; however, it turned negative after mid-May, and widened to approximately -150 million to -170 million USD in early June, indicating that stablecoin funds were leaving exchanges and the market's "ammunition" was dwindling. (Source: ME)