Data: Bitcoin faces liquidity crisis as stablecoin inflows plummet by 50%.

According to Mars Finance, on-chain data shows that the main reason Bitcoin's price is currently struggling to recover is insufficient liquidity. Data shows that since August, the 7-day average of stablecoin inflows into exchanges has plummeted from $158 billion to approximately $76 billion, a drop of 50%. The 90-day average has also declined from $130 billion to $118 billion. Analysts point out that this reflects weak demand for Bitcoin, unable to absorb market selling pressure. The market is currently trending downwards, and recent slight rebounds are mainly due to easing selling pressure rather than a return of buying interest. Tracking stablecoin inflows helps determine whether new liquidity is about to enter the market. Analysts emphasize that for Bitcoin to restart a true bull market, the key lies in the entry of new liquidity. Currently, the market lacks sufficient purchasing power to support price increases.