Tether: Tests 4 BTC Transfer to Binance

Tether reserve address sent a test deposit of 4 BTC worth $250000 to Binance five hours ago after previously routing 204.3 BTC to Bitfinex last month.

The address has accumulated 96936 BTC since 2023 using 15 percent of quarterly profits at an average purchase price of $51312, generating $1.75 billion in unrealized gains at current levels.

Price action on the 4h chart shows BTC trading inside Bollinger Bands with upper resistance at $64886 while the 50-EMA at $62904 provides immediate support and the MACD golden cross at 391.49 keeps the broader structure bullish above the 200-EMA at $63944.