The cryptocurrency market is rebounding from a sharp mid-October sell-off, with $6.58 billion in stablecoin inflows recorded over the past 30 days, marking the second-largest inflow of the year after February's $7.23 billion. Data from CryptoQuant shows Binance dominated this surge, attracting $3.63 billion, while Bybit followed with $1.30 billion. This influx coincided with a market-wide decline starting around October 10, sparking buy-the-dip sentiment as traders positioned capital for potential accumulation.
Capital rotation is evident, with the Ethereum network capturing $1.24 billion in stablecoin liquidity over seven days, per Lookonchain data. TRON attracted $477 million, and Avalanche saw $114 million, while Solana and Plasma recorded outflows of $470 million and $501 million, respectively. This shift highlights a move toward Ethereum Virtual Machine (EVM) chains, with ERC-20 tokens like Myx Finance (MYX), Aster Network (ASTER), and Humanity Protocol (H) outperforming peers—MYX surged over 2,400%, ASTER gained 1,160%, and H rose roughly 570% in 90 days.
Market metrics reinforce the recovery: total capitalization jumped from $3.54 trillion to $3.85 trillion within a week, and Q3 2025 saw a 16.4% increase to $4 trillion. Bitcoin's dominance slipped to 56.9%, while Ethereum's share rose to 12.5%, indicating diversification. Analyst Maartunn noted the stablecoin surge reflects growing optimism, with real-world usage expanding in economies like Venezuela, where USDT is used for daily transactions amid currency instability.
