In the cryptocurrency market, the conversion between USDT and USDC at both the inflow and outflow ends is expanding simultaneously, and the trend of fund reallocation centered on BTC is clearly evident.
According to CryptoMeter data on the 7th, a total of $22.5 million flowed into the Euro (EUR) that day. Of this, $9.9 million flowed directly into BTC, $6.5 million flowed into USDC, and some funds also flowed through stablecoins.
Turkish Lira (TRY) inflows totaled $14.9 million, with $11 million flowing into USDT. Korean Won inflows totaled $13.5 million into USDT, confirming flows via stablecoins.
The inflow of funds into the Brazilian Real (BRL) amounted to US$6.9 million, while the inflow into the Japanese Yen (JPY) amounted to US$1.2 million, representing a relatively limited scale.
A total of $462.8 million USDT was transferred, of which $415.6 million was converted into USDC. The remaining funds flowed to various cryptocurrencies including FDUSD, XUSD, WBTC, MON, TON, MNT, and ALGO, showing a multi-directional flow.
A total of $424.2 million USDC flowed in, with $19.6 million going to XRP and $8.9 million to SOL.
The FDUSD fund transfer amounted to $98 million, of which $89.8 million was converted into BTC, confirming a concentrated flow of funds toward Bitcoin.
In terms of net inflows across all assets, BTC ranked first with a total inflow of $102 million. Of this, $11.3 million flowed out to ETH.
Subsequently, XRP saw an inflow of $19.2 million, SOL $16 million, ETH $31.7 million, and BNB $3.2 million.
Looking at the outflow and destination on that day, a total of $448.3 million in BTC was transferred. Of this, $322.9 million was converted to USDT, $98.3 million to USD, $21.1 million to USDC, and $6.1 million to South Korean Won.
A total of $89.1 million of XRP flowed out. Of this, $41.4 million went to the US dollar, $20.3 million to USDT, $19.1 million to the South Korean won, $5.9 million to FDUSD, and $2.4 million to the euro, showing a dispersed outflow.
$52.1 million worth of funds in USDE flowed entirely into USDT. $19 million flowed out of ZEC, of which $16.4 million went to USDT. $12.6 million in BETH was converted into ETH.
SOL saw a $20 million outflow, with $10.6 million flowing into FDUSD and $9.4 million into USD. SUI saw a $14.4 million outflow, and LINK saw a $10 million outflow.
In addition, many Altcoin such as ASTER, PEPE, FARTCOIN, VIRTUAL, WLD, BONK, ADA, BNB, and UNI are also generally accompanied by a small but widespread trend of slight outflow.
Based on the final destination of the outflow, USDT saw a total inflow of $487.1 million, marking the strongest inflow of funds. This was followed by a $168.4 million inflow of US dollars, a $40.7 million inflow of Korean won, a $30.8 million inflow of USDC, and a $15.7 million inflow of ETH.
