Not noisy, but cash flow is ... | 52Hz Database OKX Feed

Not noisy, but cash flow is choosing #Ethereum Yesterday, Bitfinex's wallet address minted 105M $USDT from #Tether – a remarkable number at the moment. However, checking the origin shows that Bitfinex is swapping $USDT from #Avalanche to #Ethereum, not directly minting on Ethereum. Bitfinex doesn't regularly mint USDT, the most recent time being on May 11 – also swaps from Avalanche to Ethereum. Bitfinex's continuous transfer of USDT from Avalanche to Ethereum during sensitive market times shows that ETH remains a "safe haven" for institutional stablecoins, where they prioritise maintaining liquidity and making large transactions. The history of Bitfinex wallet behaviour also records: every time USDT is brought to ETH, it often coincides with major fluctuations, such as distribution or rebalancing of capital flows. Although the action of the chain swap does not directly affect the price line, through this we can see that the cash flow is being poured into the $ETH system. This is positive information for the #Ethereum system. Data: Don't forget to join the 52Hz Database to discuss:

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