Stablecoin Exchange Inflows Surge to ~$100B; January Volumes Hit $10T amid Crypto Dip — Bitwise Warns Drawdown Could Deepen

first published 2026-02-06T12:43:12Z

A recent crypto sell-off wiped out more than $350B in market value while weekly stablecoin inflows to exchanges nearly doubled to about $102B, suggesting traders are positioning on exchanges. Bitcoin is down roughly 35%–45% from its recent cycle high—shallower than historical 60%–80% bear-market bottoms—leading to a probable BTC downside zone of $48,000–$42,000 and a total crypto market-cap target of $1.6T–$1.4T.

AI Analysis

Facts: weekly stablecoin exchange inflows nearly doubled to ~$102B; the market sell-off erased >$350B; BTC is ~35%–45% below its cycle high (vs historical 60%–80% bottoms); a probable BTC downside zone of $48k–$42k and crypto market-cap target of $1.6T–$1.4T are cited. These facts imply modestly bearish near-term bias despite increased on-exchange stablecoins, and provide concrete price ranges that can influence short-term trades.

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