Bitcoin Deposit Sentiment Continues, with CEX Net Inflow of 2,593.63 BTC in the Last 24 Hours

CryptoQuant analyst Darkfost published a note stating that the total market capitalization of the stablecoin sector has dropped to its lowest level in over a year. Since April this year, the total stablecoin market cap has fallen from roughly $280 billion to $263 billion, a decrease of about $170 billion, with a cumulative 6% decline over six months, reflecting the ongoing contraction of overall liquidity in the crypto market. In terms of stablecoin distribution across centralized exchanges, Binance still holds approximately 70% of the total stablecoin supply on these platforms, making its stablecoin market cap changes somewhat representative. The 90-day moving average of Binance’s stablecoin market cap has declined by around 20%, from $51 billion to $34 billion. Notably, following the recent exchange hack, roughly $3 billion in stablecoins flowed out of the platform, further exacerbating this trend. Darkfost points out that the decline in Binance’s stablecoin market cap is not a recent development but has persisted for over a year, largely aligning with the downward trend of the broader stablecoin market. This synchronized drop primarily reflects insufficient market demand and a lack of new capital and liquidity inflows. Recent shifts in geopolitical and economic conditions, particularly the frequent security vulnerabilities and attacks in the crypto ecosystem, may be influencing investors’ risk assessments. Faced with ongoing security risks, investors may perceive entering the crypto market as carrying excessive risk, thus reducing their willingness to participate. The current market urgently needs new liquidity to return. If capital continues to be scarce, the positive market trends that have gradually formed in recent months could reverse, pushing the entire crypto market back into a slump and pessimism.

According to Lookonchain’s monitoring, over the past six hours, trader 0xf081 closed long positions in BTC, HYPE, and ZEC, incurring a total loss of approximately $6.09 million. Shortly after, the trader reopened long positions in 14,583 ETH (valued at around $3.3 million) and 117,871 HYPE (worth roughly $9.9 million).

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Trader 0xf081 closed his $BTC, $HYPE, and $ZEC longs over the past 6 hours, taking a $6.09M loss. He then opened new longs on 14,583 $ETH ($33M) and 117,871 $HYPE ($9.9M).

According to Lookonchain monitoring, trader AguilaTrades — who previously suffered over $38 million in cumulative losses and faced multiple liquidations — has reopened positions, currently holding a short position of 93.67 BTC, with a position value of approximately $7.19 million, using 40x leverage, and an estimated liquidation price of $77,435.21.

According to data from the BIT Stock Platform, U.S. pre-market storage stocks rose across the board. SanDisk (SNDK) gained 2.74%, Micron Technology (MU) rose 2.35%, Seagate Technology (STX) added 1.54%, Western Digital (WDC) was up 1.42%, and SK Hynix (SKHY) increased 1.14%. Most optical communication concept stocks advanced: Lumentum (LITE) rose 2.42%, Applied Optoelectronics (AAOI) gained 2.40%, Astera Labs (ALAB) added 2.23%, Marvell Technology (MRVL) was up 2.21%, and Coherent (COHR) increased 2.15%. Most semiconductor stocks rose: AMD gained 2.50%, Intel (INTC) rose 2.48%, Marvell Technology (MRVL) added 2.21%, Lam Research (LRCX) was up 2.20%, Arm (ARM) increased 2.07%, and NVIDIA (NVDA) rose 1.31%. Most Neocloud stocks advanced: Nebius (NBIS) gained 2.55%, IREN rose 2.50%, Cipher Digital (CIFR) added 2.19%, CoreWeave (CRWV) was up 1.87%; Hut 8 (HUT) fell 0.77%, Galaxy Digital (GLXY) dropped 0.35%, and Core Scientific (CORZ) declined 0.28%.