Two large USDT transfers were flagged on-chain involving Bitfinex. One moved 200,000,000 USDT, valued at $199,872,000, from Bitfinex to Tether Treasury, while another moved 147,650,000 USDT, valued at $147,573,222, from an unknown wallet to Bitfinex. Such transfers are closely watched because they can reflect treasury supply management, redemptions, liquidity movements, or preparations for trading activity, though the transaction records alone do not establish the purpose of the funds.