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.