$GTC : $282K MOVED INTO COINBASE PRIME CUSTODY AS PRICE RALLIES
A wallet just moved 1.189M
$GTC worth around $282K from Bitvavo into Coinbase Prime Custody roughly 1.4% of the circulating supply.
At the same time, GTC is up around 15% in 24 hours, climbing from $0.206 to $0.237.
Here’s where it gets interesting
Yesterday, GTC ranked #3 on our Squeeze Watch, with funding at -0.166% per 4 hours. That meant shorts were paying to maintain their positions while price was moving higher.
Now we have a strong price move alongside a sizable transfer into institutional custody.
Coinbase Prime Custody is designed for institutional asset safekeeping, but this transfer alone doesn’t prove the tokens are permanently locked away or that a buyer is accumulating.
If selling pressure stays limited while shorts remain under pressure, GTC could have room for another move.
#GTC