Bitcoin Exchange Inflows Surge to 114,000 BTC While Stablecoin Outflows Hit -$105M, Signaling Supply Shift

According to CryptoQuant analyst Axel Adler, Bitcoin exchange inflows surged to 114,000 BTC as of mid-June, while stablecoin 30-day net flows turned significantly negative to -$105 million. The data reflects a sharp reversal from May, when Bitcoin maintained net outflows of 85,000–115,000 BTC and stablecoins showed positive inflows of $40–90 million, indicating a structural shift from accumulation to distribution.

The combination of increased selling pressure from BTC transfers to exchanges and declining stablecoin liquidity has weakened market buy-side momentum. These supply-demand dynamics contributed to Bitcoin's approximately 22% decline from its May peak, according to Adler's analysis.