According to @EmberCN, Tether’s BTC reserve address withdrew 961 BTC (about $97.18M) from Bitfinex roughly one hour ago, tied to its policy of buying BTC with 15% of company profits since 2023, source: @EmberCN on X. The address now holds 87,296 BTC (about $8.84B) and is cited as the sixth-largest BTC wallet, source: @EmberCN on X; holdings visibility: intel.arkm.com/explorer/address/bc1qjasf9z3h7w3jspkhtgatgpyvvzgpa2wwd2lr0eh5tx44reyn2k7sfc27a4, source: ARKM Explorer. Based on the reported Bitfinex withdrawal prices, the estimated average acquisition cost is $49,121 with an unrealized profit of about $4.549B, source: @EmberCN on X. Traders can use the stated $49,121 average and 87,296 BTC inventory as concrete reference points when assessing BTC spot flows and positioning, source: @EmberCN on X.

According to @ai_9684xtpa, a whale who previously realized $12.78M profit on ETH built a position near $1,582 about five months ago and deposited 1,000 ETH (~$4.01M) to an exchange roughly five hours ago, interpreted as intent to trim exposure; source: @ai_9684xtpa with wallet reference on ARKM Explorer address 0x7422F5F528Cc36eA48F6cD8cdA5a9816E4573ede. According to @ai_9684xtpa, the same address withdrew 6,000 ETH from Kraken on April 18 and held until this exchange transfer; source: @ai_9684xtpa and ARKM Explorer address 0x7422F5F528Cc36eA48F6cD8cdA5a9816E4573ede. According to @ai_9684xtpa, if the 1,000 ETH is sold, the realized profit would be about $2.426M, while the remaining 5,000 ETH would still show about $12.16M in unrealized gains based on the $1,582 cost basis; source: @ai_9684xtpa. According to @ai_9684xtpa, traders may watch this wallet’s subsequent exchange deposits and withdrawals to assess near-term ETH order flow risk; source: @ai_9684xtpa and ARKM Explorer address 0x7422F5F528Cc36eA48F6cD8cdA5a9816E4573ede.

According to @ai_9684xtpa, Ethereum wallet 0xdE0336765d7549fB555883eB6c85e8862b4fDc41 deposited 25,754 ETH (about $117 million) to Binance after a nine-month gap, with the transaction visible on ARKM Explorer at intel.arkm.com/explorer/address/0xdE0336765d7549fB555883eB6c85e8862b4fDc41. According to @ai_9684xtpa, the address has frequently interacted with block builders Beaver Builder and Titan builder, as reflected by on-chain traces. According to @ai_9684xtpa, the wallet has transferred a cumulative 45,132 ETH to exchanges over the past two years, which is supported by historical flows on ARKM Explorer. According to @ai_9684xtpa, if the newly deposited 25,754 ETH is sold on Binance, the address would have fully exited its exchange-bound holdings.