1.55B USDC Flows to Coinbase Amid Bitcoin Surge to $91K

Significant USDC inflows into Coinbase have triggered a market-wide buying spree, with a reported net inflow of 1.55 billion USDC over 24 hours, according to CoinGlass.

Most major exchanges experienced USDC outflows; for example, Binance saw a net outflow of 411.8 million USDC.
Despite USDC outflows, Binance had a net inflow of 145.5 million USDT.
Large stablecoin inflows often suggest investors are preparing to buy volatile assets like Bitcoin and altcoins.

Bitcoin broke above $91,000 with a market cap of $1.82 trillion, while Ethereum surpassed $3,000 with a market value of $365 billion. Recent data indicates:

Crypto exchanges recorded a net outflow of 3,957 BTC and 10,220 ETH, worth $361.4 million and $309.7 million respectively.
Whale traders on Hyperliquid opened approximately $100 million in long positions, indicating optimism for a potential bull run.

Though there is strong buying activity, the overall market sentiment remains mixed, which could influence crypto asset prices in either direction.