Wu learned that, according to Arkham monitoring, Antalpha, a crypto lending service provider backed by Bitmain, has seen a pullback in book profits on its investment in Tether’s gold token XAUT. Antalpha previously purchased $241 million worth of XAUT at an average price of $3,693, and at the token's peak price, its book profit once reached $100 million. However, subsequent market fluctuations caused a $50 million profit drawdown, and its floating profit has now shrunk to $50 million. The market is watching whether the company will choose to sell its remaining positions or continue to hold them, facing the risk of fully giving back its profits.