A post by @whale_alert on X.

Whale Alert reported a transfer of 120,000,000 USDT, valued at roughly $119.9 million, from the Bitfinex exchange to the Tether Treasury. The movement shifts a nine-figure stablecoin balance from a trading venue back to the issuer’s treasury wallet. Such transfers are typically watched as a signal of where dollar-pegged liquidity may be headed next, whether for new issuance, redemption, or internal reshuffling. The transaction involved the USDT token on-chain and adds to the visible flow between Bitfinex and Tether, entities that share common ownership. Traders will watch subsequent Treasury outflows to exchanges for signs of fresh buying power entering crypto markets.