Tether Lending Wallet Ramps Up #bitcoin Deposits Again

Tether’s Lending Collateral Custody wallet has made yet another large move — depositing 200 $BTC ($20.88M) to Binance just 24 hours ago.

Since Bitcoin reclaimed the $100,000 mark on May 9, this wallet has now deposited a total of 1,650 #BTC ($174.7M) to the exchange.

Wallet address:

bc1q6xhpjtd5fxepcz4gfhqa5ljy55ekqwzazs555v

Is this preparation for liquidation, strategic rebalancing, or just business as usual from Tether? The market is watching.