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USDC Sees $168 Million Inflow as Bitcoin Faces $333 Million Outflow

Coinglass data highlights strong USDC and SOL inflows as BTC, ETH, XRP, GAS, and ZKP record notable losses over the last 24 hours.

BTC
ETH
BNB

Summary

Coinglass reported that USDC spot inflows reached $164 million in the past 24 hours, with SOL and BNB following at $42.27 million and $9.42 million respectively. Bitcoin saw $25.98 million in outflows, while ETH, XRP, GAS, and ZKP also experienced losses. A previous data set had shown larger BTC outflows of $333 million alongside USDC inflows of $168 million, indicating variation in short-term market movements.

Terms & Concepts
  • USDC: A U.S. dollar-pegged stablecoin issued by Circle, designed to maintain a 1:1 value with the dollar.
  • Net Inflow/Outflow: The total amount of capital entering or leaving a cryptocurrency over a specified period.
  • Coinglass: A cryptocurrency analytics platform that tracks trading data, including inflow and outflow metrics.