Bitcoin, Ethereum جذب Major Inflows as Stablecoin Liquidity Rotates Across Crypto Market

Large stablecoin flows rotated toward Bitcoin (BTC) and Ethereum (ETH) in the past several hours, underscoring how quickly liquidity is shifting across major crypto assets even as some traders moved to cash out into fiat.

According to Cryptometer data as of 02:20 a.m. ET on April 30, net fiat inflows into the digital asset market over the previous five hours totaled $23.92 million in U.S. dollars, $2.41 million in South Korean won (KRW), and $2.27 million in Brazilian real (BRL). In parallel, stablecoin funds dispersed broadly across tokens, with $41.13 million leaving Tether (USDT) and $3.43 million moving out of USD Coin (USDC) into multiple cryptocurrencies.

The largest allocations over the period concentrated in blue-chip assets: Bitcoin drew $28.84 million and Ethereum attracted $23.91 million. Additional inflows were spread across large-cap altcoins including Solana (SOL) with $9.39 million and Dogecoin (DOGE) with $5.97 million, signaling a mix of risk-on positioning and diversification rather than a single-asset chase.

At the same time, Cryptometer’s outflow tracking showed smaller pockets of selling pressure. BNB (BNB) saw $1.07 million in outflows, POLA (POLA) recorded $541,000, Dai (DAI) lost $316,000, and Toncoin (TON) shed $207,000, alongside minor sell-offs across a wider set of tokens.

Some of the funds exiting risk assets appeared to rotate through stablecoins before being redistributed. Of the outflows, $3.75 million moved into USDT, then split into $2.29 million allocated to Bitcoin and $956,000 converted into U.S. dollars. Separately, conversions into fiat were also observed, with $3.58 million turned into KRW and $1.63 million into USD—an indication that a portion of market participants opted to reduce exposure rather than simply rotate holdings.

The mixed pattern—'stablecoin liquidity' fanning into BTC and ETH while selective cash-outs persist—highlights a market still leaning toward the top of the risk curve but sensitive to short-term profit-taking. If sustained, concentrated inflows into Bitcoin and Ethereum could reinforce their role as primary liquidity destinations during periods of heightened rotation across altcoins.