$1 billion Coinbase crypto move could be 'giant buy signal

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$1 billion Coinbase crypto move could be 'giant buy signal On Thursday, $1.3 billion of the stablecoin USDC was transferred to America's largest crypto exchange, Coinbase, in five separate transactions, ranging from $150 million to $350 million each — seen as a potential “buy” signal for the world’s largest cryptocurrencies, bitcoin and ether. Crypto analysts say that these transfers by so-called crypto whales, or investors who hold significant cryptocurrency holdings and can influence markets, might yield a “big impact.” “If this is indeed a whale buying and at current prices, then yes, it can have a big impact on the price of the asset they are buying, which at that level is almost certainly only bitcoin and ethereum,” analyst Lark Davis told Cointelegraph. #tinytick

$1 billion Coinbase crypto move could be 'giant buy signal
On Thursday, $1.3 billion of the stablecoin USDC was transferred to America's largest crypto exchange, Coinbase, in five separate transactions, ranging from $150 million to $350 million each — seen as a potential “buy” signal for the world’s largest cryptocurrencies, bitcoin and ether.
Crypto analysts say that these transfers by so-called crypto whales, or investors who hold significant cryptocurrency holdings and can influence markets, might yield a “big impact.”
“If this is indeed a whale buying and at current prices, then yes, it can have a big impact on the price of the asset they are buying, which at that level is almost certainly only bitcoin and ethereum,” analyst Lark Davis told Cointelegraph. #tinytick   