A post by @whale_alert on X.

Whale Alert reported a transfer of 108,623,263 USDT, worth roughly $108.59 million, from the Bitfinex exchange to the Tether Treasury. The movement of just over 108.6 million tokens represents a sizable stablecoin shift between a major exchange and the issuer’s own treasury address. Such transfers are typically watched as a signal of where dollar-pegged liquidity may be headed, whether for issuance, redemption, or internal reshuffling. The transaction’s near-parity valuation reflects USDT trading close to its $1 peg at the time of the alert. Market participants will watch subsequent Treasury flows and Bitfinex activity for signs of whether the funds are redeployed into crypto markets or held in reserve.