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Bitfinex transfers 200 million USDT to Tether Treasury, equivalent to approximately $199.8 million. This large transfer again draws market attention—fund flows between trading platforms and issuers often indicate changes in stablecoin supply. From a whale monitoring perspective, USDT transfers of this scale may reflect the issuer adjusting liquidity reserves or the exchange optimizing its funds. Market participants typically track such on-chain data to anticipate potential fluctuations in the stablecoin ecosystem.