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‘Giant buy’ signal? Crypto whales transfer $1.3B to Coinbase
Crypto analysts believe the large transfers could have a “big impact” depending on where the capital is getting deployed. A total of $1.3 billion of USD Coin USDC $1.00 in transfers from apparent whale addresses to crypto exchange Coinbase on Thursday could potentially be a “giant buy signal” for Bitcoin BTC $64,305 and Ether ETH $3,139 , according to market observers. “USDC moving onto exchanges is a giant buy signal, as the saying goes on the internet ‘money printer go brr,’” crypto trader Blockchain Mane told Cointelegraph. The five transfers totaling $1.3 billion — with the amounts ranging from $150 million to $350 million — were made to Coinbase on April 25 at 08:15 UTC, according to Etherscan data. Source - Coin Telegraph
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