Data: Bitcoin falls into liquidity crisis as stablecoin inflows plummet by 50%

According to on-chain data, the main reason for Bitcoin's difficulty in recovering its price is insufficient liquidity. Data shows that since August, the 7-day average of stablecoin inflows to exchanges has plummeted from $158 billion to about $76 billion currently, a decrease of 50%. The 90-day average has also dropped from $130 billion to $118 billion.

Analysis indicates that this reflects weak demand for Bitcoin, which is unable to absorb the selling pressure in the market. Currently, the market is in a downward trend, and the recent slight rebound is mainly due to reduced selling pressure rather than a return of buying interest. Tracking stablecoin inflows helps to assess whether new liquidity is about to enter the market. Analysts emphasize that for Bitcoin to restart a true bull market, the key lies in new liquidity entering the market. The current market lacks sufficient buying power to support a price increase.