Tether just moved $4 billion Bitcoin for Twenty One, but the chain data reveals a deceptive liquidity trap
A $3.9 billion transfer moving 43,033 BTC was recorded on-chain and flagged by Whale Alert, with the receiving cluster matching labels used by intelligence dashboards for Twenty One, known as XXI. The timing aligns with the company’s stated plan to relocate more than 43,500 Bitcoin from escrow into its own custody before it begins trading...
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