Over $1B in Tether (USDT) Minted but the Market Stays Silent
The post Over $1B in Tether (USDT) Minted but the Market Stays Silent appeared on BitcoinEthereumNews.com. As Bitcoin traded around $107,500, Ethereum fell below $2,550. While the prices have barely moved, there’s been a sharp injection of capital. And not the kind that usually waits. More than $1 billion in USDT was minted and swiftly sent toward Cumberland, a major OTC crypto trading desk, and Abraxas Capital, a quant-powered crypto fund. Nearly all of it then flowed directly into exchanges, including Binance and OKX. That’s not something you ignore. Yet, oddly enough, the market hasn’t flinched. Something about that doesn’t add up. What’s Happening With USDT A Cumberland-linked wallet received 555 million USDT. Abraxas wallets picked up the remaining 434 million. The transactions weren’t scattered across random pools; they were classical exchange deposits. Cumberland wallet moves- Source: X Abraxas and Cumberland are large-cap trading desks with track records of front-running volatility. So why has the market gone quiet despite the USDT injection? The wallets did their job. But the coins aren’t rotating yet. Is a signal hidden somewhere? Abraxas wallet moves- Source: X Net Flows Still Show Red On-chain flows tell the real story. Neither Bitcoin nor Ethereum has seen significant inflows despite the surge in USDT. The Bitcoin exchange net flow remains negative. That means BTC is being pulled out of exchanges faster than it’s being added: a sign that no one is rushing to market sell or rotate stablecoins into the spot market, just yet. Exchange netflow (BTC)- Source: CryptoQuant The same pattern holds for ETH. Netflows show continued outflows (mostly minimal), even with the price stuck at $2,550. If these USDT transfers were immediate buy-side plays, we’d see at least some directional momentum. But instead, it looks like the Tether-specific funds are just waiting, not acting. Exchange netflow (ETH)- Source: CryptoQuant Interestingly, ETH netflows are more muted than BTC. This might indicate a…
The post Over $1B in Tether (USDT) Minted but the Market Stays Silent appeared on BitcoinEthereumNews.com.
As Bitcoin traded around $107,500, Ethereum fell below $2,550. While the prices have barely moved, there’s been a sharp injection of capital. And not the kind that usually waits. More than $1 billion in USDT was minted and swiftly sent toward Cumberland, a major OTC crypto trading desk, and Abraxas Capital, a quant-powered crypto fund. Nearly all of it then flowed directly into exchanges, including Binance and OKX. That’s not something you ignore. Yet, oddly enough, the market hasn’t flinched. Something about that doesn’t add up. What’s Happening With USDT A Cumberland-linked wallet received 555 million USDT. Abraxas wallets picked up the remaining 434 million. The transactions weren’t scattered across random pools; they were classical exchange deposits. Cumberland wallet moves- Source: X Abraxas and Cumberland are large-cap trading desks with track records of front-running volatility. So why has the market gone quiet despite the USDT injection? The wallets did their job. But the coins aren’t rotating yet. Is a signal hidden somewhere? Abraxas wallet moves- Source: X Net Flows Still Show Red On-chain flows tell the real story. Neither Bitcoin nor Ethereum has seen significant inflows despite the surge in USDT. The Bitcoin exchange net flow remains negative. That means BTC is being pulled out of exchanges faster than it’s being added: a sign that no one is rushing to market sell or rotate stablecoins into the spot market, just yet. Exchange netflow (BTC)- Source: CryptoQuant The same pattern holds for ETH. Netflows show continued outflows (mostly minimal), even with the price stuck at $2,550. If these USDT transfers were immediate buy-side plays, we’d see at least some directional momentum. But instead, it looks like the Tether-specific funds are just waiting, not acting. Exchange netflow (ETH)- Source: CryptoQuant Interestingly, ETH netflows are more muted than BTC. This might indicate a…
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