Analysis: Today, over 1.07 billion USDC flooded into CEX, the trading characteristics highly match with institutional investor behavior
According to a report by Cryptoquant analyst Maartunn, today more than 1.07 billion USDC flowed into centralized trading platforms, with transaction characteristics highly consistent with institutional investor behavior.
Historical data shows that an increase in exchange USDC reserves often indicates a positive trend in Bitcoin prices. Notably, similar scale capital inflows also occurred after the FTX crash in December 2022, which coincided precisely with the market bottoming out. The analyst also reminded that USDC inflow could be used for collateralization or other purposes.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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