Bitcoin and Ethereum See Net Inflows as USDC Records $236 Million Outflow

Crypto market flows were mixed on Monday, with net inflows into Bitcoin (BTC) and Ethereum (ETH) continuing while USDC saw a sizable net outflow—signaling shifting preferences in on-chain liquidity and near-term positioning.

As of 5:30 p.m. Monday in Seoul (4:30 a.m. ET), data compiled by CryptoMeter showed Bitcoin posting $2.0 billion in inflows versus $1.7 billion in outflows, resulting in a net inflow of roughly $216 million. Ethereum recorded $1.0 billion in inflows and about $924.3 million in outflows, for a net inflow of approximately $77 million.

Among stablecoins, Tether (USDT) remained marginally positive, with $192.7 million in inflows and $184.7 million in outflows—around $8 million in net inflow. By contrast, USD Coin (USDC) registered $942.6 million in inflows against $1.1 billion in outflows, translating to a net outflow of about $236.1 million, the largest negative figure in the dataset.

Outside the majors, Solana (SOL) stood out with an $8.1 million net inflow, suggesting renewed spot demand or rotation into higher beta assets as traders look beyond BTC and ETH. Meanwhile, USD1 posted a $13.4 million net outflow and BNB (BNB) saw a $5.8 million net outflow, reflecting a tilt away from select ecosystem tokens and smaller stablecoin exposure during the period.

CryptoMeter’s top five net inflows were led by BTC ($216 million) and ETH ($77 million), followed by SOL ($8.1 million), USDT ($8 million), and EUR-denominated flows ($7.8 million). On the outflow side, USDC topped the list ($236.1 million), followed by USD1 ($13.4 million), BNB ($5.8 million), TOWNS ($4.5 million), and FDUSD ($4.4 million).

The divergence between BTC/ETH inflows and USDC outflows highlights how capital can migrate across rails even when overall risk appetite is steady—potentially reflecting shifts in preferred settlement assets, exchange balances, or cross-platform liquidity needs. If the pattern persists, it could influence short-term market 'liquidity conditions' and the relative bidding strength of majors versus altcoins, without necessarily implying a directional move on its own.