Bitcoin and Ethereum see $680M net outflows as capital shifts to stablecoins amid market caution

Bitcoin and Ethereum experienced significant net outflows of $329.6 million and $357.4 million respectively, as investors moved capital into stablecoins like USDT and USDC, which saw net inflows of $46.1 million and $43.6 million. This shift reflects a defensive market stance prioritizing capital preservation amid uncertainty. Wrapped Beacon ETH (WBETH) also attracted $51.5 million, indicating a preference for yield strategies with reduced direct exposure to ETH. The trend suggests traders are holding liquidity in stablecoins while limiting risk exposure until clearer market catalysts emerge.