BTC accumulation rises as USDC holdings decrease: What’s the connection?

Addresses holding 100,000 – 1 million USDC decreased by around 7.8%. USDC flow into Bitcoin has increased in the last couple of days. More and more US Dollar Coin [USDC] appeared to be being exchanged for Bitcoin [BTC] as of late. As a result of this influx, several addresses have seen a decrease in their