Analysis: Over the past 30 days, over 100,000 BTC have flowed into the trading platforms while stablecoin outflows have accelerated, intensifying selling pressure in the market

BlockBeats News, May 28th - Cryptocurrency analyst Axel Adler Jr. stated that the simultaneous movement of BTC into exchanges and stablecoins out of exchanges has triggered a "risk-off" signal, indicating strengthening selling pressure in the market. Data shows that BTC's 30-day net inflow into exchanges has shifted from an extreme net outflow of 300,000 BTC at the end of March to an inflow of 103,000 BTC on May 26th, suggesting that more BTC is now flowing back into exchanges in preparation for selling. During the same period, BTC's price dropped from $80,000 to $73,700.

Meanwhile, stablecoins are flowing out of centralized exchanges at a record pace. The 30-day net flow of stablecoins has transitioned from a daily inflow of $164 million at the end of April to a daily outflow of $153 million on May 27th. This indicates a reduction in market liquidity available for buying BTC.

Axel Adler Jr. pointed out that when BTC flows into exchanges and stablecoins flow out simultaneously, it creates an unfavorable "supply increase, demand decrease" structure, typical of a risk-off market. He believes that if BTC's net inflow continues to exceed +100,000 BTC, the market may face a deeper correction. Stable signals would include BTC reverting to a net outflow or stablecoins flowing back into exchanges.