A post by @whale_alert on X.

Tether Treasury moved 120 million USDT, valued at roughly $119.97 million, to the Bitfinex exchange in a single on-chain transfer flagged by Whale Alert. The transaction represents a large stablecoin inflow to a major trading venue and comes from the issuer’s treasury rather than a secondary wallet. Such transfers are typically watched as a signal of potential liquidity deployment, though the funds may also reflect routine treasury management or exchange settlement. Traders will look for follow-through in Bitfinex order books and broader USDT issuance activity to gauge whether the capital is put to work in spot or derivatives markets.