Ethereum experienced a significant outflow of approximately $1.29 billion in USDT from exchanges on Friday, marking the largest withdrawal in nearly three months, according to Santiment. This substantial movement of USDT may indicate that institutional investors or large holders are shifting funds towards self-custody, decentralized finance (DeFi), or over-the-counter (OTC) platforms, potentially preparing for larger financial maneuvers.
Santiment suggests that the key factor to watch is whether these funds will return to exchanges in the coming days. A return of USDT to exchanges could signal a renewed interest in purchasing crypto assets, potentially impacting market dynamics.
Ethereum Sees $1.29 Billion USDT Outflow, Largest in Three Months
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