USDT On Ethereum Sees Largest Exchange Outflow Since February — Details
According to the latest on-chain data, the Ethereum-native iteration of USDT, the world’s largest stablecoin, has just witnessed its largest exchange outflow in recent months. 1.29 Billion USDT Flow Out Of Crypto Exchanges In a May 9th post on the X platform, blockchain analytics firm Santiment revealed that USDT on the Ethereum network recently recorded its largest flow out of exchanges in months. Around 1.29 billion stablecoins (the highest since February) were transferred out of exchanges on Friday, May 8th. This on-chain observation is based on the change in the Exchange Flow....
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On-chain data shows Ethereum has observed a large exchange outflow recently, a sign that buying may be going on in the market. Ethereum Exchange Supply Hits Lowest In 5.5 Years After $181 Million Outflow According to data from the on-chain analytics firm Santiment, ETH has just witnessed its largest exchange outflow day since August 21st. […]
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Ethereum tokens to the tune of 224,410 were pulled out of exchanges in the last 48 hours, causing a huge wave of withdrawals that have rocked the cryptocurrency scene. According to Santiment data, the massive exodus that took place on February 8 and 9 represents the largest net outflow in almost two years. Related Reading: Analyst Says You’ll Regret Not Buying Ethereum At These Prices, Here’s Where It’s Headed Analysts and market observers have taken notice of this big movement of digital assets, which has led to a great deal of conjecture about the future of the second-largest....
Ethereum is holding above $2,000. The price chart looks uncertain. The exchange data tells a different story entirely. A CryptoQuant report has identified a withdrawal pattern that cuts against the bearish surface narrative: on March 22, a single OKX outflow of $1.67 billion in ETH left the exchange in one movement — the largest single withdrawal event recorded in the period under review. Binance followed with its own signals, registering two separate outflows each exceeding $300 million, on February 5 and February 7. Three large withdrawals. Two major exchanges. One direction. Related....