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<ul><li>CryptoQuant investigates Tether's 11th largest Bitcoin holder claim.</li><li>On-chain analysis reveals Tether's complex Bitcoin wallets.</li><li>Whale misclassification and Tether's alleged holdings were scrutinized through on-chain data.</li></ul>CryptoQuant, a provider of on-chain data and analytics, has raised questions about the claims that Tether, a major stablecoin issuer, has become the 11th largest holder of <a href="https://cryptotale.org/?s=Bitcoin" rel="noopener noreferrer nofollow">Bitcoin</a> in the world. According to recent insights, while on-chain data offers a unique lens for tracking whale behaviors and verifying news, it may also possess certain blind spots that could lead to potential misinterpretations.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/f2628b9d465c47cca42c50950220d695.png">According to <a href="https://cryptotale.org/cryptoquant-founder-disagrees-with-concerns-of-bank-run-on-binance/" rel="noopener noreferrer nofollow">CryptoQuant</a>, a recent quarterly report from Tether revealed it holds an estimated $1.6 billion worth of Bitcoin. However, the specifics of its holdings have been shrouded in some mystery. Although the stablecoin issuer has not officially disclosed its Bitcoin addresses, research analysts and investigative reports have tried to track down potential wallets associated with the company. Tom Wan, an analyst at 21.co, claims to have identified a Bitcoin address linked to Tether that contains roughly 55,022 bitcoins, valued at around $1.6 billion.Read full article at <a href="https://cryptotale.org/is-tether-truly-the-11th-largest-bitcoin-holder-cryptoquant-weighs-in/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Is Tether Truly the 11th Largest Bitcoin Holder? CryptoQuant Weighs In

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