$USDC Flow Reverses: Dip Buying Underway! 🚀
Following a massive -$1 Billion $USDC outflow on Sunday, the capital has immediately flowed back! Current $USDC on CEXs is now higher than the amount that left yesterday.
The Action: Inflow is driven by Market Makers (MMs) and large entities who are minting new $USDC or withdrawing borrowed funds to deposit onto exchanges.
The Signal: A swift, immediate reversal of a major outflow is a highly positive signal. It strongly suggests that major whales utilized the recent correction to rapidly deploy capital and continue their accumulation strategy.
2.38K
1
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.