A post by @whale_alert on X.

Whale Alert reported a transfer of 120,000,000 USDT, valued at roughly $119.96 million, from the Bitfinex exchange to the Tether Treasury. The movement shifts a nine-figure stablecoin balance from a trading venue into the issuer's own treasury address rather than to an external wallet. Because Tether Treasury transfers often precede new issuance or large-scale redemptions, the transaction is being watched as a possible signal of upcoming stablecoin supply changes. Traders typically monitor these flows for clues about liquidity conditions and whether fresh USDT will be deployed into crypto markets. What to watch next is whether the Treasury subsequently mints new tokens or distributes the balance to exchanges.