Is a Massive Surge Coming in Bitcoin: A Transaction that Previously Made 4x Is Repeating!

Recent data indicates a potential major surge in the cryptocurrency market. According to on-chain data platform CryptoQuant’s author “maartunn,” on March 29, the largest USD Coin (USDC) flow to date occurred during the day. The author emphasized that over $1.4 billion was deposited into Coinbase, indicating the significance of such a sum to a purchase. According to the author, this demand for the stablecoin is being used to buy Bitcoin. A deposit of this magnitude has only happened once in history, on January 9, 2023. A deposit of $1.3 billion came when Bitcoin was trading around 16,800 dollars, one of the lowest levels of the cycle. After the massive deposit at the time, Bitcoin started a rally, surged over 4x, and never dropped to those prices again. According to CoinGecko data, Bitcoin is currently trading at $70,282.