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Tether Treasury transferred 160 million USDT to Bitfinex, the fund movement has drawn follow.
[Coin World] Just noticed a significant movement: Tether Treasury transferred 160 million USDT to Bitfinex, which is approximately just over 160 million USD based on the current Exchange Rate.
Large transfers between the Tether official treasury and Bitfinex are generally related to liquidity replenishment for the exchange or internal fund allocation. Such a scale of USDT transfer is usually monitored by the market—after all, the flow of stablecoins reflects the state of capital readiness to some extent.
Whether it will specifically affect short-term market sentiment still needs to be observed, but at least it indicates that Bitfinex is preparing in terms of funding.