Analysis: Today, over 1.07 billion USDC flowed into CEX, and the trading characteristics highly align with institutional investor behavior

ChainCatcher news, according to a report by Cryptoquant analyst Maartunn, over 1.07 billion USDC flowed into centralized exchanges today, with approximately 875 million dollars flowing into Coinbase. The trading characteristics highly align with institutional investor behavior.

Historical data shows that an increase in USDC reserves on exchanges often indicates a positive trend for Bitcoin prices. It is noteworthy that a similar scale of capital inflow was observed after the FTX collapse in December 2022, which ultimately coincided closely with the market bottoming out. Analysts also remind that the USDC inflow may be used for staking, collateral, or other purposes.