TokenPost.ai
Large net outflows from Bitcoin (BTC) and Ethereum (ETH) over the past several hours coincided with a build-up in Tether (USDT) and cash balances, underscoring a short-term ‘wait-and-see’ stance across the crypto market as traders rotated into more defensive positioning.
Data compiled by Cryptometer as of Wednesday 2:30 p.m. Korea Standard Time (05:30 UTC) showed that over the prior five hours, fiat and cash-like flows into the digital asset market totaled roughly $10.53 million in U.S. dollars, alongside about $3.56 million in Brazilian real and approximately $1.03 million in euros. Stablecoin activity also remained elevated, with about $9.63 million in USDT and $6.69 million in USD Coin (USDC) dispersed across multiple crypto assets.
On the inflow side, Bitcoin led with around $10.87 million, followed by Ethereum at roughly $6.33 million. Smaller inflows were tracked into altcoins including Dexe (DEXE) at about $2.48 million, OPN at $2.01 million, LAB at $1.13 million, and Bittensor (TAO) near $690,000—suggesting selective risk-taking even as broader positioning leaned defensive.
However, outflows dominated the headline trend. Cryptometer’s flow map indicated that Bitcoin saw the largest withdrawal at approximately $36.66 million during the same five-hour window. Ethereum followed with about $22.62 million leaving. Additional assets also recorded notable outflows, including Solana (SOL) at around $3.68 million, Zcash (ZEC) near $3.09 million, BNB (BNB) at approximately $1.53 million, and Hyperliquid (HYPE) around $1.52 million.
A significant portion of the capital exiting risk assets appeared to concentrate in stablecoins, with roughly $59.84 million flowing into USDT and around $6.55 million into USD1. By contrast, about $1.27 million worth of USDC was reported as dispersing back into various cryptocurrencies, highlighting mixed positioning between parking capital and selectively redeploying it.
Alongside stablecoin rotation, the data also pointed to a measurable ‘cash-out’ tendency into fiat currencies. Approximately $9.74 million moved into U.S. dollars, with additional flows into South Korean won (KRW) of about $2.27 million and roughly $950,000 into euros, reinforcing the view that some participants preferred outright de-risking rather than simply shifting within the crypto ecosystem.
Market participants often interpret this pattern—heavy BTC and ETH outflows paired with stablecoin accumulation—as an indicator of rising near-term uncertainty. Rather than signaling a decisive shift in long-term conviction, it more commonly reflects traders preserving ‘dry powder’ to respond quickly to volatility, upcoming macro catalysts, or idiosyncratic crypto risks.