During USDC decoupling, the trader GCR changes USDT into USDC on DEX, deposits it in OKX and uses USDT to buy ETH
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:
Interpretation of this information:
The message reports on the use of a “smart trader” algorithm called GCR during the recent decoupling of USDC cryptocurrency. Lookonchain, a monitoring data website, detected the activity of GCR during this period. The GCR algorithm carried out certain operations that helped traders earn profits during this time.
Decoupling refers to the separation of two assets that are usually paired in cryptocurrency trading. USDC is a stablecoin, which means its value is pegged to the US dollar. During the recent decoupling of USDC, its value became unstable, presenting an opportunity for traders to earn profits.
GCR, the “smart trader” algorithm is a program that analyzes market trends and carries out trades based on real-time market data. This algorithm was used by traders during the decoupling period to make a profit, and the report suggests that it was successful in doing so. However, the specific actions of the algorithm are not detailed in the message.
Overall, the message highlights the significance of market monitoring tools like Lookonchain and advanced trading algorithms like GCR in cryptocurrency trading. The use of these tools can help traders identify and take advantage of profit-making opportunities like the recent USDC decoupling.
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