$BTC Spot buyers absorbed 10,883 BTC, pushing dominance to 56.6
Market data shows Bitcoin traded at 69,740 on Monday as 10,883 BTC of spot absorption countered a 16 billion stablecoin drawdown, pushing dominance to 56.6% against a 2.47 trillion total market cap.
Fiat rails replace stablecoin bridge
Market data shows the 16 billion contraction in aggregate stablecoin supply would typically signal risk-off positioning. Market data shows yet bitcoin rose 6.9% in the same window.
Bitcoin traded at 69,740 on Monday as 10,883 BTC of spot absorption countered a 16 billion stablecoin drawdown, pushing dominance to 56.
6% against a 2.
Watch $BTC for the next session - if this move holds, it changes the read.
$BTC #BTC #Stablecoins #CryptoNews
Market data shows Bitcoin traded at 69,740 on Monday as 10,883 BTC of spot absorption countered a 16 billion stablecoin drawdown, pushing dominance to 56.6% against a 2.47 trillion total market cap.
Fiat rails replace stablecoin bridge
Market data shows the 16 billion contraction in aggregate stablecoin supply would typically signal risk-off positioning. Market data shows yet bitcoin rose 6.9% in the same window.
Bitcoin traded at 69,740 on Monday as 10,883 BTC of spot absorption countered a 16 billion stablecoin drawdown, pushing dominance to 56.
6% against a 2.
Watch $BTC for the next session - if this move holds, it changes the read.
$BTC #BTC #Stablecoins #CryptoNews