Analyst: Stablecoin inflows to exchanges drop by 50%, putting pressure on bitcoin price

Jinse Finance reported that CryptoQuant analyst Darkfost stated that one of the core reasons for bitcoin's current difficulty in rebounding is the lack of incremental liquidity. In the cryptocurrency market, the liquidity we refer to mainly points to stablecoins. Since August, the scale of stablecoin inflows into exchanges has gradually declined from $158 billion to the current approximately $76 billion, which means incremental liquidity has shrunk significantly by 50%. Meanwhile, the 90-day average inflow has also decreased, from $130 billion to $118 billion. This phenomenon indicates that bitcoin is facing a dilemma of shrinking demand, and the weakness in market demand is no longer sufficient to absorb the current selling pressure. At present, the market's downward trend remains unchanged, and the minor rebounds that have occurred during this period are mainly driven by a reduction in selling pressure rather than a resurgence of buying interest. For bitcoin, the key to starting a true bull market lies in whether new liquidity can successfully enter the market.