BTC Bleeds $592 Million in 24 Hours as Stablecoin Flows Turn Mixed

Bitcoin posted a net outflow of $592.31 million over the 24 hours ending November 13, with Ethereum close behind at $142.66 million, according to the latest exchange flow snapshot. USDT was the only major asset to post a significant net inflow, at $63.27 million.

The data shows withdrawals exceeding deposits across the largest crypto assets. BTC recorded $4.00 billion in inflows against $4.59 billion in outflows. ETH saw $1.38 billion enter and $1.52 billion leave.

How deep were the outflows?

USDC widened the negative picture. The dollar-pegged stablecoin registered $1.11 billion in inflows and $1.34 billion in outflows, a net outflow of $233.33 million — larger than Ethereum's.

XRP and BNB also ended the window in the red. XRP registered a net outflow of $38.64 million, while BNB lost $8.07 million.

Which assets attracted money?

USDT led all assets with a net inflow of $63.27 million, built on $251.57 million of inflows against $188.29 million of outflows. SOL also registered a positive net flow, though the snapshot did not attach a figure.

The five largest net inflows across all tracked assets were:

• USDT: $63.27 million
• RLUSD: $10.57 million
• EUR: $4.09 million
• XNVDA: $3.82 million
• XMR: $3.63 million

The inflow leaderboard is dominated by stablecoins and tokenized instruments rather than volatile Layer 1 assets, a pattern consistent with capital rotating into cash-equivalent positions during a broad withdrawal period.

The five largest net outflows were:

• BTC: $592.31 million
• USDC: $233.33 million
• ETH: $142.66 million
• XRP: $38.64 million
• SPCXB: $20.91 million

What does the split tell the market?

The divergence between the two largest stablecoins stands out. USDT absorbed a net $63.27 million while USDC shed $233.33 million — a nearly $300 million gap in 24 hours. Bitcoin's gross flow volumes, at roughly $8.59 billion combined, dwarf every other asset in the snapshot and confirm it remains the deepest liquidity venue in the market.

For exchanges and market makers, sustained net outflows from BTC and ETH typically signal assets moving toward self-custody or cold storage rather than trading-ready balances. The simultaneous USDT build-up suggests some of that capital stayed inside the crypto system in stablecoin form instead of exiting to fiat rails.

The next 24-hour snapshots will show whether the Bitcoin outflow was a one-day anomaly or the start of a sustained custody rotation. A second consecutive day of nine-figure BTC net outflows paired with rising USDT inflows would confirm the pattern.