Stablecoins: Everyone’s Running Away! 🏃‍♀️

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Right. So, apparently people are getting a bit… anxious. Like, “hide the digital cash” anxious. On-chain data is screaming that ERC-20 stablecoins are experiencing the most dramatic exodus from exchanges since May 2021. Which, let’s be honest, wasn’t exactly a *great* time. 🙃

Investors Are Secretly Hoarding Stablecoins (Probably)

Some very clever analyst – Maartunn, bless their data-crunching heart – over on X (formerly Twitter, remember that?) noticed this whole thing. It’s about “Exchange Withdrawing Transactions”, which is a fancy way of saying people are moving their stablecoins from the exchanges to… well, themselves. Basically, digital self-custody. Because trusting anyone else these days? A risk. 🙄

Now, usually when things are moving *towards* exchanges, it means buy orders coming. But stablecoins? They’re just… stable. Very zen. So people pulling them out doesn’t immediately mean a price crash. It just means they’re either planning on HODLing forever, or they’re bracing for something. Honestly, who knows with these guys? 🤷

Here’s a charming little graph to illustrate the chaos:

See? Uptrend! A very insistent uptrend. Lots of stablecoins making a break for freedom. It’s like a digital bank run, but… slower. And less panic, maybe? Though knowing crypto, that could change in five minutes.

This is, however, different than Bitcoin running for the hills, because, well, stablecoins don’t have hills to run *to*. They’re already at the bottom. They function as a sort of anticipation mechanism. People dump into stables before a potential dip. Clever, in a slightly paranoid sort of way.

And here’s the kicker: This withdrawal frenzy has hit a 67,384 mark, the highest since… you guessed it, May 2021. Remember that crash? Good times. (Not good times.) Apparently history really does rhyme, just with more blockchain. This isn’t even the biggest surge of the cycle yet. We’re just at the beginning. Which is reassuring. Ish. 😬

BTC Price (Because We Have To)

Bitcoin is doing the usual Bitcoin thing: wibbling around in the $110,900 region. Honestly, it’s exhausting to keep up. Here, have a picture of its fluctuations. You’re welcome.

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2025-10-15 09:13