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๐ Pump Incoming?: Highest USDC Inflow ever
Several hours ago, the largest influx of USDC ever recorded occurred, with over $1.4 billion of USDC deposited on Coinbase. This sizable deposit signals potentially significant buying pressure, as these stablecoins can be utilized to purchase bitcoin. A comparable deposit of such magnitude has only been observed once before in history, specifically on January 9th, 2023. On that day, a $1.3 billion USDC deposit preceded a price surge from the cycle low at $16,800, marking the definitive bottom of that cycle.