Stablecoins See 35-Day Consecutive Outflows as Bitcoin Lacks Buying Momentum

BTC1.63%
According to CryptoQuant analyst Axel Adler Jr., stablecoins have experienced net outflows for 35 consecutive days as of July 21, with recent figures falling below -$100 million. Bitcoin is currently trading near $65,000, and the continuous outflow of stablecoins from exchanges suggests weakened buying power in the market. Bitcoin's 30-day net flow remains neutral, lacking the sustained withdrawal signals typical of market accumulation phases seen in late 2023 and 2024.
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