Binance, the leading cryptocurrency exchange, experienced a net outflow of 33.5668 million USDT in the past hour, according to data from Coinglass. The metric tracks net transfers from exchange hot wallets, serving as an indicator of short-term capital movements.
USDT is the largest stablecoin by market capitalization and is widely used in crypto trading. The outflow is moderate compared to recent data. The specific reason for the movement has not been disclosed.
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