Tether Moves 204.3 BTC Worth $14.3 Million to Bitfinex

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 1 hour ago

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Significant Transfer: Tether transferred 204.3 BTC valued at approximately $14.3 million from its reserve wallet to Bitfinex, confirming the company's ongoing accumulation of Bitcoin reserves.
Reserve Management Strategy: While the transfer has drawn attention, it does not indicate a specific motive, potentially serving operational purposes such as market-making, redemption fulfillment, or portfolio rebalancing, reflecting Tether's routine treasury management.
Regulatory Environment Impact: Amid heightened scrutiny on stablecoin reserve transparency, this transfer has prompted further examination of the relationship between Tether and Bitfinex, especially with regulatory developments like the CLARITY Act and NYDFS-EBA agreement advancing.
Market Dynamics Observation: Observers will closely monitor whether Tether will execute additional BTC transfers; a pattern of outflows could signal broader operational shifts, while a single transfer may simply reflect routine financial operations.

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Technical Analysis for ARKM

Technical Sentiment Analysis for Arkham (ARKM). As of , Arkham (ARKM) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 4 indicators are flashing buy, while 0 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ARKM stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, ARKM is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Arkham (ARKM) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0902	0.11	0.127	0.146	0.163	0.183	0.199
Fibonacci	0.11	0.124	0.132	0.146	0.16	0.169	0.183

About ARKM

Arkham is a blockchain analysis platform that uses artificial intelligence (AI) to deanonymize the blockchain and on-chain data.The platform’s two main components are the Analytics Platform and Intel Exchange. The Analytics Platform covers analytics on various entities, exchanges, funds, whales and tokens. For instance, you can check the portfolio holdings, transaction history, exchange flows, network relationships and other on-chain analytics. The Intel Exchange allows anyone to buy and sell address labels and other intelligence, either through bounties, auctions or the DATA Program.Arkham uses an in-house AI engine with various sources of data, such as public records, social media, web scraping and user submissions. The data is used to label addresses and provide entity analytics for ULTRA, the company’s AI algorithm.Arkham’s platform can be used for various purposes, such as tracking stolen funds, identifying fraudsters, verifying counterparties, auditing transactions, investigating hacks, and more. Arkham claims that its platform can help combat the proliferation of crypto crimes and scams by incentivizing on-chain research.However, Arkham’s platform has also raised privacy concerns among some crypto users and advocates, who argue that deanonymizing the blockchain violates the principles of anonymity and censorship-resistance that underpin the crypto movement. Arkham has defended its platform by saying that it does not collect or store any personal data from users, and that it only provides publicly available information that can be verified on the blockchain.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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