- Capital inflows dropped to $74.9B on August 3, down from earlier levels, but the BTC price held above $114K.
- BTC and ETH recorded $67.4B in combined net positions, while no capital outflows were reported at all
- Stablecoins brought $7.5B in new liquidity, showing that investors are still preparing for reentry positions
Capital inflows into the crypto market dropped by $10 billion in just five days, raising questions over market resilience. According to the latest data from Glassnode, the total 30-day capital inflows on August 3 stood at $74.99 billion, a sharp decline from recent levels. Despite the downturn, Bitcoin maintained a price of $114,274.40 on the same day, holding relatively stable under the pressure. The net position change for BTC and ETH combined was $67.49 billion, with no recorded capital outflows during this period.
The change signals a significant cooling in investor confidence after weeks of sustained market growth. This contraction comes even as the broader digital asset market has not recorded capital flight but shows a slowdown in incoming liquidity. The 30-day stablecoin net position change remained positive at $7.5 billion, further suggesting cautious optimism in stable asset inflows.
Inflows Slow Down Despite Stable BTC and ETH Holdings
The net position change metric shows how much capital is entering or exiting the market over a rolling 30-day window. Positive values suggest sustained buying and accumulation activity. On August 3, the combined net inflows into BTC and ETH were $67.49 billion, down from higher peaks observed earlier in July.
The price of Bitcoin stayed above $114,000, even as the inflows dropped. This stability indicates that while new money has slowed, holders have yet to initiate significant sell-offs. Ethereum mirrored the same pattern, contributing to the combined inflow figures but not showing net negative outflows.
Stablecoins saw a net positive change of $7.5 billion, reinforcing the trend of sidelined capital waiting for reentry points. In past cycles, such stablecoin positioning has often preceded reaccumulation phases or fresh market moves.
Ali, a leading on-chain analyst, shared this insight stating: “Capital inflows into the crypto market have declined by $10 billion over the past five days。” His post reflects the macro trend captured in the Glassnode chart, which visualizes realized capital inflow changes since early May.
Investor Sentiment Holds but Momentum Shifts
Capital movement is often the first signal of changing market dynamics. A drop in inflows indicates fewer new participants or reduced buying appetite from existing investors. While outflows remain at zero, the inflow dip could suggest an upcoming shift in market behavior.
The steepest inflow rise occurred between July 4 and July 25. This period saw capital flood into digital assets, pushing BTC’s price to new local highs. However, by early August, the capital curve began to flatten before showing visible declines.
Despite that, some analysts argue the market remains in accumulation mode. The presence of stablecoin inflows backs this outlook, showing that liquidity has not yet exited completely. Still, market watchers remain cautious.
Could Crypto Be Entering a Liquidity Plateau Phase?
The key question now is: could the current pullback mark the beginning of a longer liquidity plateau across digital assets?
While trading activity has not significantly dropped, the slowing inflows create uncertainty around short-term growth. The declining curve in capital inflows contrasts with the relatively stable price action, hinting at a delicate balance.
Comments on Ali’s post reflect mixed reactions. One user noted, “Even with $10B outflows, we’re still pushing。” Another suggested, “Real pump starts in September。” The differing opinions show that while inflows have dipped, market narratives remain divided.
No negative capital outflows were recorded during this time, reinforcing that this is a slowdown—not an exit. Still, investors are watching closely. Glassnode data will continue to guide sentiment as capital flow trends develop further.
