Over $1 billion in USDT was withdrawn from exchanges yesterday, marking the largest Tether outflow since May.
While deposits are often viewed as bullish—indicating users are gearing up to buy assets—withdrawals can have a more nuanced interpretation.
For instance, users might be moving funds to participate in DeFi, seeking yields outside of centralized exchanges.
However, in recent cases where withdrawals exceeded $1 billion, Bitcoin began a downtrend soon after, suggesting investors may be adopting a risk-off stance, moving funds to safer environments like cold wallets in anticipation of market volatility.
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I've accumulated so much $JUP, $MOUTAI, $ZEUS and $SOL that I will use on sanctum in this dip.
I tweeted all the time when bought so I could see where I bought. These will imo outperform if SOL sends to ATH
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