On-chain analyst Axel Adler Jr. analyzed via X, "The 113-day net outflow of stablecoins from exchanges has ended, and market liquidity is stabilizing." He added, "However, the volume of stablecoin net inflow decreased by 51% in just two days since it began, and all three Stablecoin Supply Ratio (SSR) oscillators are above 0. While liquidity has stabilized, it is still too early to say that demand has fully recovered."