While the rises experienced by Bitcoin (BTC) and altcoins increase the rally expectations among investors, preparations for the real bull rally continue.
At this point, institutional investors, as well as retail investors, are making various purchases.
Activity continues in Falcon X, which is among the major institutional investors in the crypto market who have purchased large amounts of altcoins from Binance in recent months.
According to Lookonchain’s post, GSR and Falcon
“Looks like institutions are pouring funds into the crypto market!
“In the last 24 hours, FalconX and GSR received a total of 86.5M USDC from Circle and deposited them to Binance.”
It seems that institutions are pouring funds into the crypto market!
In the past 24 hours, #FalconX and #GSR received a total of 86.5M $USDC from #Circle and deposited it into #Binance.https://t.co/HnHkvmOAA0https://t.co/Kl9tChTQHW pic.twitter.com/wNze6HKyYI
— Lookonchain (@lookonchain) February 16, 2024
While this situation is interpreted as Falcon
However, as you may remember, Falcon X received a large amount of Lido DAO (LDO), Immutable X (IMX) and Polygon (MATIC) from Binance in recent months.
*This is not investment advice.
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Source: https://en.bitcoinsistemi.com/preparation-for-bitcoin-and-altcoin-bull-continues-in-giant-institutional-whales-86-5-million-usdc-transferred-to-binance/