CryptoQuant analyst: BTC exchange inflows surge to 114,000 BTC, stablecoin outflows weaken buying pressure, causing structural pressure on the market.

CoinFeed reported on June 13th that CryptoQuant analyst Axel Adler stated that Bitcoin (BTC) is experiencing a large influx of funds into exchanges, while stablecoin liquidity continues to flow out, leading to a deterioration in both supply and demand. This is considered a significant reason for Bitcoin's approximately 22% drop from its May high. Data shows that Bitcoin's 30-day net exchange flow indicator has turned significantly positive, currently at approximately +114,000 BTC. Compared to the net outflow of approximately -85,000 to -115,000 BTC in early May, the market has shifted from an accumulation phase to an allocation phase. This indicator rose to approximately +167,000 BTC in early June, indicating that more holders were transferring BTC to exchanges, increasing potential selling pressure. Meanwhile, the 30-day moving average net flow of stablecoins remains negative, currently at approximately -$105 million.