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>>Ethereum's USDT Records Its Biggest Exchange Outflow Since February – Full Details

Ethereum's USDT Records Its Biggest Exchange Outflow Since February – Full Details

crypthub

5/10/2026, 12:10:37 PM

USDT Exchange Outflow

On May 8, roughly 1.29 billion USDT on Ethereum left centralized exchanges—the largest outflow since February. Santiment identified the move via its Exchange Flow Balance metric, which tracks net token transfers to and from exchange wallets. The outflow signals that investors are withdrawing buying power from these platforms.

Implications for the Market

While a reduced exchange balance can look bearish, Santiment argues the funds are likely moving to self‑custody wallets, DeFi protocols, or OTC desks for larger forthcoming trades. Historical spikes, such as the $3.72 billion outflow on February 9, were followed by a brief Bitcoin dip that later turned into a 30 % rally. Watching whether USDT returns to exchanges will reveal near‑term buying pressure.

Current Market Context

Overall cryptocurrency market capitalization is about $2.66 trillion, up roughly 4 % over the past week. The scale and direction of USDT flows are now a key indicator for potential price moves. Re‑entry of USDT onto exchanges could signal imminent deployment into crypto assets.