Bitcoin exchange flows turn risk-off: 30D net inflow hits +103K BTC by May 26

Bitcoin's 30-day exchange net flow shifted into inflow territory and reached +103K BTC on May 26, after first turning positive on May 18. Over the same window, stablecoin net flow to centralized exchanges flipped negative and fell as low as -$153M per day on May 27, signaling reduced on-exchange buying liquidity. The combination points to rising sell-side supply alongside weakening demand, while key inflection levels are whether BTC inflows stay above +100K BTC and whether stablecoin flows recover back toward zero.