USDT Leads Crypto Spot Market with $117 Million Net Inflow Amid BTC $115 Million Outflow
According to recent data from Coinglass, the crypto spot market experienced significant capital movements within the last 24 hours. USDT led net inflows with $117 million, reflecting strong demand for stablecoin liquidity. Ethereum (ETH) followed with a substantial net inflow of $42.5 million, indic
According to recent data from Coinglass, the crypto spot market experienced significant capital movements within the last 24 hours. USDT led net inflows with $117 million, reflecting strong demand for stablecoin liquidity. Ethereum (ETH) followed with a substantial net inflow of $42.5 million, indicating investor confidence in the second-largest cryptocurrency. Other notable inflows included XRP at $7.53 million, Bitcoin Cash (BCH) at $4.97 million, and Binance Coin (BNB) at $4.37 million, highlighting diversified interest across altcoins.
Conversely, Bitcoin (BTC) saw the largest net outflow, with $115 million exiting the spot market, suggesting profit-taking or portfolio rebalancing among traders. Solana (SOL) also experienced a significant withdrawal of $16.81 million, alongside stablecoin USDC with $16.29 million in net outflows. Cardano (ADA) and Dogecoin (DOGE) recorded outflows of $11.51 million and $8.51 million respectively, underscoring selective capital rotation within the crypto ecosystem.
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