
PANews|May 10, 2026 05:00
[Santiment: Ethereum-based USDT Records Largest Exchange Net Outflow in Nearly Three Months This Friday]
Santiment stated on the X platform that Tether (based on Ethereum) experienced the largest exchange net outflow in nearly three months, with a net outflow of $1.29 billion (USDT) on Friday. Such a large-scale USDT outflow typically reflects institutional or whale-level participants transferring funds to self-custody wallets, DeFi protocols, or OTC platforms in preparation for larger-scale operational plans. This is merely a reallocation of funds rather than a complete exit from the ecosystem. Santiment suggests closely monitoring what typically happens following these peaks in fund outflows. Previously, on February 9, when fund outflows reached $3.72 billion, Bitcoin experienced a slight pullback in the following two weeks (before an ideal buying opportunity emerged on February 24).
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