✍️ TL;DR: BREAKING: Record Tether outflows signal stablecoin liquidity is moving off exchanges 📊 Metrics Used: Exchange Flow, Net. Realized P/L 🔗 Live chart: https://app.santiment.net/charts/usdt-exchange-flow-balance-net-realized-profit-loss-31906?utm_source=x&utm_medium=post&utm_campaign=usdt_exchange_flow_net_realized_pl_b_070826&aff=3 🐳 Tether on Ethereum just recorded a massive -5.03B USDT net outflow from exchanges, the largest daily outflow the network has ever seen, breaking the record of -4.43B on June 19, 2022. This reflects big wallets moving stablecoin liquidity into self custody, DeFi, OTC desks, or simply off exchanges while market outlooks remains shaky. In other words, a lot of “ready-to-trade” dollar liquidity just left centralized exchanges. 👀 USDT’s network realized profit/loss also hit a 5-month high of 2.92M, mostly because so much USDT moved at once rather than because USDT itself meaningfully changed value. For non-stablecoins, this can be a mixed signal: less stablecoin liquidity on exchanges may reduce immediate dip-buying power, which can pressure BTC and alts in the short term. But if that capital is being repositioned instead of leaving crypto entirely, it could eventually rotate back in once confidence improves.(Santiment Intelligence)