Analyst: Stablecoin inflows to exchanges have fallen to the lowest level since 2025, highlighting weak demand and insufficient investor interest.

PANews July 25, 2026, CryptoQuant analyst Darkfost posted that since 2025, inflows of stablecoins into exchanges have been steadily declining, falling to the lowest level since that period. Currently, the average monthly inflow of stablecoins (USDT, USDC) is about $2.3 billion, and the average annual inflow is about $3.7 billion. When the Bitcoin price reached its all-time high, the average monthly inflow was $5.6 billion and the average annual inflow was $4.3 billion. This dynamic clearly indicates weak current demand and insufficient investor interest. However, it should be noted that when stablecoin inflows reach their peak, it often serves as a lagging signal. When some investors accelerate profit-taking, exchanges are increasing stablecoin supply, while the latest investors continue betting that the Bitcoin price will keep rising. At present, market demand still needs to improve.