Axel Adler Jr.: ERC-20 stabilization currency exchange net flows moved for the first time to US$ 1.85 million

According to CryptoQuant analyst Axel Adler Jr., the average net flow of the ERC-20 stabilization currency exchange for 30 days was negative for 113 consecutive days, from 11 May to 31 August, and was first reversed to $1.885 million on 1 September but then dropped to $6.85 million on 3 September, or about 51 per cent within two days. In Adler's view, this is closer to the “neutralization” of the previous state of continuous outflows, rather than a new round of constant inflows of stable currencies. At the same time, while bitcoin ' s stable-currency supply ratio (SSR) has fallen since its highs in August, indicating an improvement in the stable-currency relative purchasing power, overall liquidity signals remain neutral and are not yet sufficient to confirm a full return of demand。