According to Odaily, IntoTheBlock reported on the X platform that over $1 billion worth of USDT was withdrawn from exchanges yesterday. This marks the largest outflow of Tether since May. Typically, deposits are seen as a bullish signal, indicating that users are preparing to purchase assets. However, withdrawals can be interpreted in more complex ways. Users might be moving funds to DeFi platforms to seek returns outside of traditional exchanges. Recently, multiple withdrawals exceeding $1 billion have been followed by a decline in Bitcoin prices. This suggests that investors may be adopting a risk-averse strategy, transferring funds to cold wallets or other safer environments to navigate market volatility.