Stablecoin Flows Collapse as Crypto Liquidity Dries Up, Analysts Say

The cryptocurrency market is entering a structurally challenging phase, as declining liquidity and rising risk aversion weigh on investor activity, according to on-chain analysts. A recent report from blockchain analytics firm CryptoQuant shows that stablecoin flows to centralized exchanges have collapsed, signaling a notable shift in market behavior. The data suggests capital is increasingly moving out of crypto trading venues rather than positioning for new risk exposure. While traditional asset classes such as equities and precious metals continue to attract capital, CryptoQuant notes that crypto markets remain under persistent uncertainty and a lack of fresh liquidity — conditions that