Mass $1.29 Billion Outflow From Tether As Whale Activity Points To An Informed Shift In Market Prices
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.2 Articles
2 Articles
Mass $1.29 Billion Outflow From Tether As Whale Activity Points To An Informed Shift In Market Prices
The crypto market is back on Tether as the biggest stablecoin by market capitalization suffers its highest change in exchange outflow in 3 months. This green weekend followed a noteworthy capitulation shift, where around $1.29 billion of USDT flowed out from exchanges on Friday. This large outflow data signifies a major behavioral trend amongst high-cap players according to Santiment Insights. Tether (on Ethereum) has just recorded its largest …
Tether Exchange Outflow Signals Stablecoin Liquidity Is Moving Off-Platform
Tether on Ethereum recorded its largest exchange outflow in roughly three months after about $1.29 billion in net USDT moved off exchanges on Friday, according to Santiment’s exchange-flow data. Tether Exchange Outflow. Source: Santiment The move does not automatically mean traders are leaving crypto. Stablecoin outflows from exchanges usually show that dollar liquidity is moving away from trading platforms, but the destination matters. Funds ca…
Coverage Details
Bias Distribution
- There is no tracked Bias information for the sources covering this story.
Factuality
To view factuality data please Upgrade to Premium
