"Is bargain hunting coming in?"…Sharp surge in stablecoin inflows to exchanges

Stablecoin inflows to exchanges—an indicator of liquidity in the digital-asset market—have surged, according to data.

According to digital-asset news outlet Cryptopolitan on the 6th (Korea time), the average stablecoin inflow over the past seven days recorded $102 billion, more than doubling from $51 billion in December last year.

With the digital-asset market under pressure, some analysts say investors have begun buying the dip. CryptoQuant analyst Darkfost said, "Over the past few weeks, the pace of capital inflows into the market has been accelerating," but added that "selling pressure remains strong, and buying interest is failing to keep up."

As of 6:25 p.m. on the day, Bitcoin (BTC) was down 8.42% from the previous day at $65,566. Over the same period, Ethereum (ETH) was plunging 10.89% to trade at $1,901.