Bitcoin Outflows Moderate to $38.31 Million as Capital Rotates Into Stablecoins

Bitcoin posted $38.31 million in outflows on October 24, leading total departures among digital assets even as it recorded $3.81 million in inflows. Capital continued to rotate out of major cryptocurrencies and into cash-equivalent assets, with Tether capturing $76.32 million and USD Coin taking in $32.55 million. The latest movements follow a larger wave of de-risking on October 22, when Bitcoin logged $403.44 million in outflows against $8.79 million in inflows, alongside substantial net outflows from Ethereum and heavy shifts into stablecoins and fiat currency.