On October 31, COINOTAG revealed that Flow Trader made significant deposits on Binance. Monitoring data from TheDataNerd indicated that the trading firm deposited an impressive 4 million USDC within a single hour. Additionally, the total influx into Binance over the past 24 hours reached 11 million USDC and USDT combined. Such substantial transactions underscore the increasing liquidity and interest in the cryptocurrency market, particularly on major exchanges like Binance. Investors and market analysts alike should pay close attention to these movements as they may influence price dynamics and overall market sentiment. The consistent inflow of stablecoins like USDC and USDT demonstrates a potential shift in trading strategies, highlighting the vital role that institutional players continue to hold within this evolving financial landscape.
Source: https://en.coinotag.com/breakingnews/flow-trader-moves-11-million-usdc-and-usdt-to-binance-in-24-hours/