X @Wu Blockchain

According to @EmberCN, Tether’s BTC reserve wallet withdrew 961 BTC (worth $97.18M) from Bitfinex over two hours ago, possibly buying the dip. The wallet holds BTC bought with 15% of company profits since 2023 and typically only withdraws at the end of each quarter. It now holds 87,296 BTC ($8.84B), making it the 6th largest BTC wallet. Based on withdrawal prices, the average cost is around $49,121, with an unrealized profit of $4.549B.https://t.co/KpNH5xJ5ju ...