TechFlow News — According to Whale Alert data, at 22:32 on November 02 (Beijing time), nearly 100 million USDT were transferred from Bitfinex to Huobi. Based on current prices, this amounts to approximately $99.953 million. Several hours earlier, an address labeled as Huobi transferred nearly 100 million USDT to an address labeled as Bitfinex within a half-hour period.
Chainsmap Monitoring System by Beijing Anli discovered that today's large-scale USDT transfer from Huobi to Bitfinex occurred via the TRC20 network. In the relevant transactions, Huobi’s address starting with TNaRAo made consecutive large transfers to Bitfinex’s address TRg4pR. In fact, upon closer observation, such transfers frequently occur between these two addresses—dozens happen every month—indicating that this is actually part of Huobi’s cross-chain USDT liquidity management operations.
