USDC Decoupling

On March 12, it was reported that the monitoring data of Lookonchain showed that during the recent decoupling of the USDC, the operation of the “smart trader” GCR was as follows: During USDC decoupling, the trader GCR changes USDT into USDC on DEX, deposits it in OKX and uses USDT to buy ETH Analysis based on this information:The recent news about USDC decoupling created a stir in the market as traders scrambled to make sense of the situation. Amidst this frenzy, Lookonchain shared monitoring data that revealed how “smart trader” GCR navigated the situation. This report highlights the key takeaways from the monitoring data and interprets what they mean for the crypto market. According to the monitoring data, GCR’s operation during the USDC decoupling can be described as strategic and well-thought-out. He first leveraged his position in the market by shorting the coin before it began to decouple. By doing so, he was able to take advantage of any price…