Bitcoin, Ethereum See Over $680 Million Net Outflows as Capital Shifts to Stablecoins

05-08 , 20:10

TokenPost.ai

Capital rotated into 'stablecoins' and 'wrapped assets' over the past 24 hours, while the two largest cryptocurrencies—Bitcoin (BTC) and Ethereum (ETH)—saw sizeable net outflows, underscoring a defensive shift in positioning amid shifting market liquidity.

According to Cryptometer data as of Thursday 03:35 UTC, Bitcoin (BTC) recorded approximately $1.9 billion in inflows and $2.2 billion in outflows over the prior 24 hours, resulting in a net outflow of $329.6 million. Ethereum (ETH) posted $1.0 billion in inflows versus $1.4 billion in outflows, for a net outflow of $357.4 million—making it the largest net outflow among major assets in the period.

Risk-sensitive altcoins also showed signs of capital leaving the market. Dogecoin (DOGE) logged a net outflow of $15.1 million, while NOT and Toncoin (TON) saw net outflows of $11.7 million and $11.1 million, respectively, suggesting traders reduced exposure outside the large-cap complex as well.

In contrast, stablecoins attracted fresh capital. Tether (USDT) registered $179.7 million in inflows and $133.5 million in outflows, producing a net inflow of $46.1 million. USD Coin (USDC) also posted a net inflow of $43.6 million. The strongest inflow was concentrated in Wrapped Beacon ETH (WBETH), which led all tracked assets with a net inflow of $51.5 million—an outcome often associated with 'yield strategies' or exchange-linked wrapped products as traders seek flexibility without fully increasing spot ETH exposure.

Among other notable movers, XRP (XRP) posted a net inflow of $8.0 million, Solana (SOL) added $6.8 million, and JTO recorded $1.0 million in net inflows. Meanwhile, USD1 saw a net outflow of $4.5 million, B3 posted a net outflow of $4.9 million, and NIL recorded a net outflow of about $498,300.

Ranked by net flows over the last 24 hours, the top five inflows were WBETH ($51.5 million), USDT ($46.1 million), USDC ($43.6 million), XRP (XRP, $8.0 million), and Solana (SOL, $6.8 million). The top five outflows were Ethereum (ETH, -$357.4 million), Bitcoin (BTC, -$329.6 million), Dogecoin (DOGE, -$15.1 million), NOT (-$11.7 million), and Toncoin (TON, -$11.1 million).

The divergence—heavy net outflows in BTC and ETH alongside steady stablecoin and wrapped-asset inflows—signals a market leaning toward 'capital preservation' and tactical positioning. If the pattern persists, it could point to traders keeping dry powder on-chain while limiting directional exposure until clearer catalysts emerge.

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