USDC Exchange Inflows Hit $350M—Traders Buying The Bitcoin Dip?
On-chain data shows USDC exchange inflows have witnessed a spike after the latest Bitcoin pullback, a potential sign that traders are looking to buy the dip. USDC Exchange Inflows Have Spiked To $350 Million As pointed out by on-chain analyst Maartunn in an X post, a notable amount of USDC has hit exchanges recently. The indicator of interest here is the “Exchange Inflow,” which tracks the total number of tokens of a given asset that investors are transferring to wallets connected to centralized exchanges. Related Reading: Solana Fails Channel Breakout—$78 Support The Next....
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On-chain data shows a large amount of USDC inflows have just hit exchanges, a potential sign that investors are looking to buy the Bitcoin dip. USDC Exchange Inflow Has Registered Multiple Spikes Recently As explained by CryptoQuant community analyst Maartunn in a new post on X, the USDC Exchange Inflow has shot up recently. The “Exchange Inflow” here refers to an indicator that keeps track of the total amount of a given asset that’s being transferred to wallets connected with centralized exchanges. Related Reading: Bitcoin Mayer Multiple Retraces To Lower Bound—What....
On-chain data shows the Exchange Inflow indicator has shot up for USDC, something that could be relevant for Bitcoin and other digital assets. USDC Exchange Inflow Has Hit The Highest Level In Months As highlighted by CryptoQuant community analyst Maartunn in a new post on X, the Exchange Inflow recently observed a surge for Circle’s […]
Stablecoin inflows to exchanges tapered off as investors turned bearish on Bitcoin, but a surge in USDC minting could be a signal of upcoming regulation. The growth of stablecoin's market cap and circulating supply has been one of the best indicators for attaining a general pulse on how participants in the market are feeling during bullish and bearish times.Monitoring the Tether (USDT) treasury for large issuances was a common tactic used by analysts and traders to position themselves for a possible pump in the price of Bitcoin (BTC) and altcoins and previously this has been a good source....
On-chain data shows the USDC exchange inflow has spiked up. Historically, stablecoins have provided dry powder for kicking off new Bitcoin rallies. USDC Exchange Inflow Sharply Rose To High Values Recently As explained by an analyst in a CryptoQuant post, almost one billion USDC has flowed into exchanges recently. Past pattern suggests this may lead to uptrend for Bitcoin. The “USD Coin exchange inflow” is an indicator that measures the total amount of the stablecoin entering wallets of all exchanges within a given period. When the value of this indicator moves up, it means....
On-chain data shows the exchange inflows related to the stablecoins USDT and USDC have seen a sharp plunge. Here’s what this could mean for Bitcoin and other cryptocurrencies. Stablecoin Exchange Inflows Have Dropped Below Yearly Average In a new post on X, CryptoQuant author Axel Adler Jr has discussed about the latest trend in the Exchange Inflow of the top two stablecoins in the sector, USDT and USDC. The “Exchange Inflow” refers to an on-chain indicator that keeps track of the total amount of a given asset that’s moving into the wallets associated with....