Cryptocurrency whales Coinbaseby transferring 1.3 million dollars to the United States.

USD Coin transfers totaling $1.3 billion from apparent whale addresses to crypto exchange Coinbase on Thursday could potentially be a “giant buy signal” for Bitcoin

Popular crypto trader Blockchain Manesaid the following on the subject: “USDC’s migration to exchanges will create a ‘money printer’ on the internet. Go away brr‘ is a giant buy signal.” According to Etherscan data, five transfers totaling $1.3 billion were made to Coinbase on April 25 at 08:15 UTC, with amounts ranging from $150 to $350 million.

Critical comments on whale movements!

Investors often see large stablecoins on exchanges as a bullish sign of deposits, indicating possible large buy orders in the near future, while significant cryptocurrency deposits on exchanges could signal a potential sell signal, causing investors to be wary of a crisis.

“If this is indeed a whale buy and it happened at current prices then yes, it could have a big impact on the price, which at this level is almost certainly only Bitcoin and Ethereum,” said crypto commentator Lark Davis. The Crypto Lark put it this way:

“A lot of attention is paid to whale movements, but we never know what they are doing,” Davis said.

Popular trader and YouTuber Brian Jung“$1.3 billion is a good amount of capital but it depends on where it is deployed,” he added.

Davis also noted that whales can place limited orders instead of buying assets instantly, which can create stronger support levels for the cryptocurrencies they invest in.