Recent reports highlight a drastic decline in Tether flows to exchanges, suggesting that sellers are dominating the market. This trend reflects a cautious sentiment among traders, potentially due to negative reactions to market events like the LIBRA scandal and global tensions.

Moreover, the average net flow for USDT has been negative, marking a lack of buying momentum compared to previous bullish patterns. There is an observable shift as investors are possibly reallocating funds to DeFi projects or personal wallets, adding to the market’s bearish outlook.