The post Fed Day Dry Powder: Cryptoquant Analyst Tracks $7.6B Stablecoin Pile on Exchanges appeared on BitcoinEthereumNews.com. With the Federal Reserve meeting today, onchain flows are telegraphing that crypto traders are topping off exchanges and leaning long ahead of a widely expected 25-basis-point cut. Pre-Fed Positioning Stablecoins are doing the heavy lifting. Cryptoquant data shows $7.6 billion in fresh USDT and USDC (ERC-20) deposits heading to trading venues ahead of the decision. […] Source: https://news.bitcoin.com/fed-day-dry-powder-cryptoquant-analyst-tracks-7-6b-stablecoin-pile-on-exchanges/The post Fed Day Dry Powder: Cryptoquant Analyst Tracks $7.6B Stablecoin Pile on Exchanges appeared on BitcoinEthereumNews.com. With the Federal Reserve meeting today, onchain flows are telegraphing that crypto traders are topping off exchanges and leaning long ahead of a widely expected 25-basis-point cut. Pre-Fed Positioning Stablecoins are doing the heavy lifting. Cryptoquant data shows $7.6 billion in fresh USDT and USDC (ERC-20) deposits heading to trading venues ahead of the decision. […] Source: https://news.bitcoin.com/fed-day-dry-powder-cryptoquant-analyst-tracks-7-6b-stablecoin-pile-on-exchanges/

Fed Day Dry Powder: Cryptoquant Analyst Tracks $7.6B Stablecoin Pile on Exchanges

With the Federal Reserve meeting today, onchain flows are telegraphing that crypto traders are topping off exchanges and leaning long ahead of a widely expected 25-basis-point cut. Pre-Fed Positioning Stablecoins are doing the heavy lifting. Cryptoquant data shows $7.6 billion in fresh USDT and USDC (ERC-20) deposits heading to trading venues ahead of the decision. […]

Source: https://news.bitcoin.com/fed-day-dry-powder-cryptoquant-analyst-tracks-7-6b-stablecoin-pile-on-exchanges/

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