According to The Data Nerd, within a 24-hour window, Flow Trader deposited 12.7 million USDC to Binance, Bybit, and OKX. Additionally, QCP transferred 9 million USDC to Binance, and GSR made a substantial deposit of 35.92 million USDT to Bybit, Kucoin, and Bitget. Such large movements of stablecoins to exchanges often indicate potential trading activities or liquidity provision strategies.