💸 In the last 24 hours, we've seen some big moves again - a major exchange has experienced a net outflow of 206 million USDT, and the speed of this capital withdrawal is indeed quite rapid.

From a data perspective, the outflow of stablecoins of this scale is usually accompanied by several possibilities:

First, market sentiment has turned conservative, with large holders actively moving funds out of the exchange to hedge against risks; second, recently there have been frequent regulatory signals and security incidents, causing some users to choose to wait and see; third, it is also possible that institutions are positioning themselves for arbitrage opportunities on the blockchain, or are turning to OTC and custodial channels for operations.

🔍 Regardless of the specific reasons, the large outflow of USDT from the exchange is indeed worth paying attention to — short-term volatility risks are on the rise. If this trend continues to amplify in the coming days, the market may respond more significantly. Stay alert.