Stablecoin Outflows Surge in April, Wiping $5B From Crypto Exchanges

According to on-chain data from Nansen, March saw a healthy inflow of stablecoins across major cryptocurrency exchanges. The inflows often matched or exceeded outflows, helping exchange balances hover in a stable range of $66 billion to $67 billion. This pattern indicated that investors were ready to deploy capital, maintaining a “risk-on” market stance.April Reversal Sees Steady DrainsIn contrast, April brought a dramatic shift. Stablecoin outflows dominated nearly every day of the month, steadily draining capital from exchanges.As a result, balances plunged to approximately $61.5 billion by the beginning of May—a net drop of more than $5 billion in just four weeks. Nansen’s visual data shows a clear decline in the yellow line tracking exchange balances, with outgoing transfers increasingly outweighing deposits. .dark-mode .read-more {background-color: #343a40 !important;} READ MORE: Bitcoin Price Poised for a Breakout, According to Important Indicator This trend suggests a potential cooling of the market’s speculative momentum. Whether it marks the start of broader repositioning or a pause before the next bullish leg remains uncertain. Nonetheless, April’s data underscores a shift in sentiment that investors and traders will be watching closely in the weeks ahead.The post Stablecoin Outflows Surge in April, Wiping $5B From Crypto Exchanges appeared first on Coindoo.