1/ Why did the price of $BTC/$ETH suddenly rise today?
We found that several funds/institutions poured nearly $1.6B into the crypto market since Feb 10!👇
2/
We analyzed the data on $USDC deposits and withdrawals on #Circle from February 10th to today.
As can be seen from the figure below, several funds/institutions withdrew ~1.6B $USDC from #Circle and only deposited ~0.2B $USDC.
3/
The mysterious fund shared before didn't stopped pouring money into crypto market as BTC/ETH drops.
His address "0x308F" has withdrawn 155M $USDC from #Circle and transferred to exchanges since Feb 10.
If you join our channel, you will be notified.
4/
And it seems that this mysterious fund also withdrew 397M $USDC from #Circle through another address "0xad6e" and transferred to exchanges since Feb 10.
Because address"0x308F" and "0xad6e" transferred $USDC to exchanges through the same addresses.
etherscan.io/token/0xa0b869…
5/
Another mysterious fund “0x3356” withdrew 953.6M $USDC from #Circle and transferred to exchanges.
It seems that today's rise in $BTC prices has something to do with this fund.
etherscan.io/token/0xa0b869…
6/
Another fund related to FalconX also withdrew 143M $USDC from #Circle.
etherscan.io/address/0xa9d6…
7/
Do not forget to follow @lookonchain and join our telegram group to receive alpha information.
t.me/lookonchain
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