Capital Flight: Bitcoin ETFs Bleed While Stablecoin Inflows Hint at Quiet Accumulation

Key Takeaways

• Bitcoin fell 2.49% to $104,500, breaking below its $107k cost-basis support with ETH dropping 6.6% to $3,500, while SOL slid to $158. Total crypto market cap declined 3% to $3.51 trillion amid accelerating ETF outflows and fading institutional demand.
• Bitcoin ETFs recorded $186.51 million in outflows, all from BlackRock’s IBIT; Ethereum ETFs lost $135.76 million, while Solana ETFs bucked the trend with $70 million of fresh inflows.
• Stablecoin inflows to Binance hit $7.3 billion, their highest level since December 2024, a potential early sign of cash flow returning to markets.
• Long-term holders and whales continue to de-risk; however, exchange BTC balances dropped by 208,980 coins in the last six months, showing limited forced-sell pressure.