Bitcoin exchange inflows top 100,000 BTC as stablecoin withdrawals surge, signaling rising sell pressure

ME News reported on May 28 (UTC+8) that crypto analyst Axel Adler Jr. warned of a growing "risk-off" setup as Bitcoin moves onto exchanges while stablecoins leave them, a combination that typically points to rising sell pressure. Exchange flow data shows Bitcoin's 30-day net flow flipped sharply: from an extreme net outflow of 300,000 BTC at the end of March to a net inflow of 103,000 BTC as of May 26. The shift suggests more BTC is returning to exchanges, often a precursor to selling. Over the same period, BTC fell from $80,000 to $73,700. At the same time, stablecoins have been exiting centralized exchanges at a record pace. The 30-day average net flow reversed from a daily inflow of $164 million at the end of April to a daily outflow of $153 million on May 27, implying less on-exchange liquidity available to buy BTC. Adler said the mix of BTC inflows and stablecoin outflows creates an unfavorable "higher supply, lower demand" structure typical of risk-off conditions. He added that if BTC net inflows stay above +100,000 BTC, the market could be exposed to a deeper correction. He pointed to potential reversal signals as BTC returning to net outflows or stablecoins resuming net inflows to exchanges. (Source: BlockBeats)