Santiment reported that USDT on Ethereum recorded approximately 1.29 billion tokens of net outflow from exchanges on Friday, the largest outflow in nearly three months. Santiment believes that large USDT outflows from exchanges may reflect institutional or large holder funds shifting towards self-custody, DeFi, or OTC over-the-counter trading, preparing for larger-scale fund allocations. Santiment states that the key is to observe whether these funds flow back into exchanges later; if USDT flows back into exchanges in the coming days, it could indicate that funds are re-entering the crypto assets and forming buying pressure.

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