SimpleSwap data says crypto ran out of panic before it ran out of reasons to panic

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. SimpleSwap report finds Bitcoin sell-offs are drawing weaker stablecoin inflows as market fear loses its impact Summary Bitcoin’s February sell-off triggered a 600% surge in stablecoin inflows, while June’s deeper slide drew little safe-haven demand. SimpleSwap data shows Bitcoin’s stablecoin flow correlation flipped from -0.54 in Q1 to +0.18 from April to June. Swap activity reveals investors reacted far less to Bitcoin’s June drop, suggesting repeated market shocks may be losing their impact. Bitcoin fell 17.5% in February, and money ran for cover. It fell 15.7% in June, and almost nothing moved. SimpleSwap tracked 26 weeks of swap flows, then two rival platforms went and checked their own books. Over 36 hours on 4 and 5 February, Bitcoin fell 17.5%. Stablecoin inflows on SimpleSwap ran 600% above their weekly average in a single day. Over 70 hours from 1 to 4 June, Bitcoin fell 15.7%. The same flows came in 9% below average. Two drawdowns, four months apart, separated by less than two percentage points of depth. Their responses differ ...