Tether: Buys 951 BTC from Bitfinex
Tether acquires 951.35 BTC worth $70.47M from Bitfinex, boosting holdings to 97,204 BTC ($7.28B) amid bullish BTC price prediction trends.
SourceTether snapped up 951.35 BTC valued at $70.47M directly from Bitfinex, pushing their total reserves to 97,204 BTC now worth $7.28B. This move underscores Tether's aggressive accumulation strategy in the crypto reserves landscape, especially as Bitcoin dominance surges amid hype around assets like TAO and RAVE.
Historically, Tether and Bitfinex share deep ties, with Tether consistently bolstering its BTC holdings over the past year to fortify stablecoin backing amid regulatory scrutiny and crypto market volatility.
On the 4h chart, BTC trades at $74,921.84 in a clear bullish structure, hugging above the EMA50 at $72,560.99 and EMA200 at $70,366.38 as rock-solid supports. MACD flashes a golden cross with 741.83 momentum, signaling sustained upside, while RSI at 62.35 stays neutral—avoiding overbought territory. Price dances inside Bollinger Bands, testing upper resistance at $76,616.38 with lower support at $70,912.06; confluence here points to a potential thrust higher if volatility holds, but watch for exhaustion pullbacks to the EMA50 before resuming the grind in this BTC price prediction cycle.
Onchain Lens
@OnchainLensSimplifying onchain data for the masses