According to Odaily, research director Lucas from IntoTheBlock has released data on platform X indicating a record inflow of USDC into centralized exchanges. The net inflow reached a new high of $228 million yesterday, which could suggest that investors are depositing stablecoins to buy at lower prices.
This record inflow marks the highest in a year, indicating a significant shift in investor behavior. The data suggests that investors might be using the stability of USDC to safeguard their investments while potentially preparing to buy more assets at lower prices.
However, it's important to note that while the data shows a significant increase in USDC inflow, it does not necessarily mean that a market upturn is imminent. Investors are advised to monitor market trends closely and make informed decisions.