According to Odaily, IntoTheBlock shared on X that more than $1 billion in USDT was withdrawn from exchanges yesterday. This represents the largest withdrawal of Tether since May. While deposits are often seen as a positive sign, suggesting users might be ready to buy assets, withdrawals can signal different intentions. Investors might be moving their funds to decentralized finance (DeFi) platforms for better returns or seeking safer storage options. Recent patterns show that similar large-scale withdrawals have often preceded drops in Bitcoin prices, hinting that investors could be shifting funds to cold storage or other secure places to manage market uncertainty.
Over 45% Of Bitcoin Dormant In Wallets For Past Six Months
Odaily reports that Glassnode data shows more than 45% of Bitcoin has been inactive in wallets for the last six months. Even though Bitcoin hit a new peak around five months ago, a large portion of investors still retains their Bitcoin.
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