According to the latest on-chain data, the Ethereum-native iteration of USDT, 
the world&#8217;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 Balance indicator, 
which measures the net amount of tokens moving into and out of centralized 
exchange addresses. Related Reading: This 1 Chart Explains Why Bitcoin Is 
Winning And Ethereum Is Losing Right Now A spike in the Exchange Flow Balance 
metric indicates that more tokens (USDT, in this case) are flowing to 
centralized exchanges. On the other hand, when the indicator declines, it 
suggests that investors are withdrawing assets from these trading platforms. 
Santiment explained the significance of investors moving their USDT away from 
exchanges, noting that this would ordinarily mean they are withdrawing their 
buying power from trading platforms where they can use it for instant 
cryptocurrency purchases. On the surface, this reduction of buying power (or 
capital) on exchanges is a bearish signal for crypto markets. However, the 
analytics firm believes that the significant USDT outflows (of this reported 
magnitude) suggest that institutional investors are moving capital to self- 
custody wallets, DeFi protocols, or OTC (over-the-counter) desks ahead of 
larger planned transactions. Therefore, capital is believed to be flowing out 
of the ecosystem, not entirely, but being repositioned for even larger 
purposes. Santiment also highlighted the pattern often surrounding exchange 
outflow spikes of this magnitude. For instance, as observed in the chart 
below, the Bitcoin price witnessed a mini-pullback over the subsequent two 
weeks following the 3.72 billion USDT outflow on February 9. What&#8217;s more 
interesting is that this pullback birthed the buying opportunity that has seen 
the Bitcoin price jump by more than 30% in the past few months. Santiment 
concluded in the social media post: Whether this current capital re-enters 
exchanges as buying pressure in the near term is the key variable to monitor. 
If USDT begins flowing back onto exchanges in the coming days, it would signal 
that deployment into crypto assets is imminent. Crypto Market Capitalization 
As of this writing, the total cryptocurrency market capitalization stands at 
around $2.66 trillion, up nearly 4% over the past week. Related Reading: 
14,600 Bitcoin Sold in Profit in One Day: Here Is How BTC’s Own Structure 
Broke It Below $80K Featured image from iStock, chart from TradingView

USDT On Ethereum Sees Largest Exchange Outflow Since February — Details

Escalation risks could hinder diplomatic resolutions, strain global alliances, 
and destabilize regional security, impacting global markets.
The post Trump hints at expanding US military targets in Iran amid ongoing 
conflict appeared first on Crypto Briefing.

Trump hints at expanding US military targets in Iran amid ongoing conflict

The trade talks could stabilize US-China economic relations, but failure risks 
reigniting tariff tensions, impacting global markets and alliances.
The post China&#8217;s He Lifeng to hold trade talks with US delegation in South 
Korea appeared first on Crypto Briefing.

China’s He Lifeng to hold trade talks with US delegation in South Korea

The intensified blockade could escalate geopolitical tensions, disrupt global 
oil supply chains, and impact international diplomatic relations.
The post CENTCOM intensifies Strait of Hormuz blockade, redirects 61 vessels 
appeared first on Crypto Briefing.

CENTCOM intensifies Strait of Hormuz blockade, redirects 61 vessels

Pakistan&#8217;s mediation role highlights its growing diplomatic influence, 
potentially reshaping regional power dynamics and global energy security.
The post Pakistan forwards Iran&#8217;s response to US war proposal as diplomatic 
channel heats up appeared first on Crypto Briefing.

Pakistan forwards Iran’s response to US war proposal as diplomatic channel heats up

Following the recent uptick in altcoin prices, conversations about the 
potential start of an altseason are gaining significant momentum. 
Interestingly, recent on-chain data about the rising altcoin trading volume 
has added some weight to the altseason discussions. Altcoin Trading Volume 
Climbs Above Yearly Average In a recent Quicktake post on the CryptoQuant 
platform, CryptoOnchain revealed a critical change in the altcoin market. 
Citing the &#8220;CEX Volume Ratio: Others vs Top 5&#8221; metric, the market analyst 
explained that the altcoin trading volume has been in an uptrend lately. The 
&#8220;CEX Volume Ratio: Others vs Top 5&#8221; metric tracks how much trading volume is 
flowing into altcoins outside the top 5, relative to the combined volume of 
the top 5 assets. As such, it plays a key role in identifying the extent of 
capital rotation and whether altcoins have started to gain strength. Related 
Reading: Cardano Holds Critical $0.25 Support: History Points To A Major Rally 
Setup According to CryptoOnchain, the 30-day moving average of altcoin trading 
volume has now climbed past its 365-day moving average. This trend, explained 
the analyst, shows that the volume of this sub-asset class is steadily 
increasing. Higher readings in the CEX Volume Ratio: Others vs. Top 5 are 
telltale signs that traders are leaning towards smaller altcoins rather than 
into major cryptocurrencies (Bitcoin, Ethereum, Solana, XRP, and BNB). This, 
in turn, is interpreted as growing risk appetite, which could positively 
influence an altcoin rally. The market analyst cited historical data, noting 
that instances where the signals flashed mostly reflected short-term volume 
growth relative to the long-term baseline. These cases have also signaled 
“clear rotation of capital from major caps into mid and low-cap altcoins.” For 
example, during the 2021 bull cycle, repeated clusters of these signals 
coincided with explosive rallies across the altcoins&#8217; sector, alongside a 
major price appreciation in Ethereum. Notably, the chart shared by 
CryptoOnchain shows the purple “Volume Ratio” line gradually strengthening 
again after a period of weakness. The analyst noted that a breakout in the 
ratio could precede high-volatility periods, potentially increasing the 
likelihood of an altcoin market rally. Ethereum Stability Could Confirm 
Imminent Altcoin Rally CryptoOnchain further explained that the reinvigoration 
of the altcoin trading volume could be a sign that “retail and institutional 
interest is expanding beyond the top 5 assets.” However, this does not 
necessarily translate to bullish news for the altcoin market. According to the 
crypto pundit, confirmation from Ethereum’s price action might be necessary to 
determine the market&#8217;s inner dynamics. CryptoOnchain explained: If this 
momentum is sustained and accompanied by a stable or rising ETH price, it 
could serve as a strong confirmation that a broader altcoin rally is underway. 
As of press time, the Ethereum price stands at $2,329, up 1% over the past 24 
hours, according to CoinGecko data. Related Reading: Ethereum Sees Sharp 
Decline In High-Leverage Long Positions — See What Happens Next Featured image 
from Shutterstock, chart from TradingView

USDT On Ethereum Sees Largest Exchange Outflow Since February — Details

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