Declining stablecoin inflows to exchanges point to weaker buying demand

Stablecoin inflows into cryptocurrency exchanges have continued to decline since 2025, signaling weaker demand in the crypto market and waning investor interest, according to an analysis. On-chain analyst Darkfost said average monthly stablecoin inflows into exchanges stood at about $2.3 billion as of July 24, while the annual average was about $3.7 billion. When Bitcoin hit its all-time high last year, average monthly inflows were $5.6 billion and the annual average was $4.3 billion. Darkfost added that when investors are confident Bitcoin will extend its gains, buying from new investors tends to enter the market and stablecoin liquidity on exchanges also rises. Darkfost noted, however, that peaks in stablecoin inflows can often be a lagging signal.