Bitcoin Inflows to Exchanges Surge to 114,000 BTC as Stablecoin Outflows Pressure Market

According to CryptoQuant analyst Axel Adler, bitcoin inflows to exchanges surged to 114,000 BTC as of June 13, marking a significant shift from the 85,000–115,000 BTC net outflows recorded in early May. The 30-day net exchange flow metric has turned notably positive, indicating a transition from accumulation to distribution phase.

Simultaneously, stablecoin 30-day net flows have turned negative at approximately $105 million, down from the $40–90 million inflows in early May. This weakening buying liquidity, combined with increasing BTC sell pressure on exchanges, is cited as a key factor behind bitcoin's approximately 22% decline from its May peak.