Today, over 1.07 billion USDCs flowed into CEX, which is consistent with the bottom characteristics of the market

BlockBeats News: On February 4th, Cryptoquant crypto analyst Maartunn released a chart report stating that over 1.07 billion USDCs flowed into centralized trading platforms today. Reviewing historical data, an increase in USDCs on trading platforms usually has a positive impact on the price of Bitcoin. For example, after the FTX crash in December 2022, similar trades appeared every day, ultimately matching the bottom characteristics of a bear market. Around 5:00 pm today, over $1 billion of USDC was transferred to the trading platform, with the majority ($875 million) flowing into Coinbase. Although the certainty is not 100%, it is very similar to the transactions of large institutional participants.