Bitcoin's recent price surge has been accompanied by strong stablecoin inflows into exchanges. However, the 7-day moving average of stablecoin exchange inflows has been declining since December, which could be a concern for sustaining the rally:

- _Stablecoin inflows_: Rising stablecoin inflows to exchanges since January 13 have correlated with Bitcoin's price uptrend.
- _7DMA decline_: Despite short-term inflows, the 7-day moving average of stablecoin exchange inflows has been falling since December.
- _Buying power_: Increased stablecoin inflows indicate more buying power in the market, which is bullish.
- _Market correlation_: The inflows metric doesn't dictate the total crypto market movement, but a break in the downtrend is needed to sustain the rally.

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