Analyst: BTC rally unsustainable amid net stablecoin outflows

Stablecoin inflows to exchanges remain negative, indicating a lack of demand, according to LSK senior analyst Leon Waidmann. In a post on X, he explained that this means more stablecoins are leaving exchanges than entering. Waidmann noted that major Bitcoin rallies over the past year have typically followed periods of significant stablecoin inflows. With outflows currently much larger, he argued that it will be difficult for BTC to sustain a rally until the trend reverses.