PANews reported on May 10th that Santiment stated on the X platform that Tether (based on Ethereum) experienced its largest exchange 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-custodied wallets, DeFi protocols, or over-the-counter trading platforms in preparation for larger-scale planned operations. This is merely a reallocation of funds, not a complete exit of funds from the ecosystem.

Santimen suggests closely monitoring what typically follows these peaks in capital outflows. Previously, on February 9th, when outflows reached $3.72 billion, Bitcoin experienced a slight pullback over the next two weeks (before an ideal buying opportunity appeared on February 24th). Whether current funds will flow back into exchanges in the form of buying in the short term is a key variable to watch closely. If USDT begins flowing back into exchanges in the coming days, it would indicate an impending wave of investment in crypto assets.