$USDC is doing something weird right now đ
Price is pinned at $1.00, but the tape is not dead.
0.01% green, $1.55B in 24h volume, and shorts are still paying -0.005% funding while spot sits above the 20d and 50d. Thatâs not noise. RSI 60 on the 4h, too.
Volume is only 0.5x the 20d avg, yet itâs sitting 59% up its 30d range and refuses to budge off the highs. Quiet squeeze setup. đ˘
Who else is watching USDC right now?
#USDC
#Crypto
Price is pinned at $1.00, but the tape is not dead.
0.01% green, $1.55B in 24h volume, and shorts are still paying -0.005% funding while spot sits above the 20d and 50d. Thatâs not noise. RSI 60 on the 4h, too.
Volume is only 0.5x the 20d avg, yet itâs sitting 59% up its 30d range and refuses to budge off the highs. Quiet squeeze setup. đ˘
Who else is watching USDC right now?
#USDC
#Crypto