The average stablecoin net flow to centralized exchanges has turned negative, indicating reduced liquidity and cautious market behavior, according to Coinomedia. This trend has been ongoing since September 22. Despite the decline in stablecoin inflows, Bitcoin's price remains robust, bolstered by $947 million in ETF inflows in recent days. However, the absence of stablecoin inflows raises concerns about the sustainability of Bitcoin's current price level and the potential for increased market volatility.