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Event Detailed Description Circle Issues 750 Million USDC This morning, Circle issued 750 million USDC on the Solana network. Since October 11th, the total amount of USDC minted on Solana has reached 5.25 billion.
Bitcoin Price Fluctuation This morning, BTC briefly dipped below $102,000 before rebounding. The current price is $102,327.9, a 24-hour decrease of 0.99%.
🔍 Event Background and Market Dynamics
To help you better understand the above event, here is some relevant background information:
· About USDC Issuance: USDC is a compliant stablecoin issued by Circle, pegged 1:1 to the US dollar. Large-scale issuance usually indicates strong market demand for stablecoins, suggesting a potential influx of funds into the cryptocurrency ecosystem. Such events are sometimes interpreted by the market as potentially positive.
• Other Market Dynamics: Based on yesterday's (November 6th) news, the current market is characterized by a mix of bullish and bearish factors:
• Positive Signals: Data shows that multiple whale addresses have cumulatively purchased nearly 400,000 ETH in the past three days, with a total value exceeding $13.6 billion. This may indicate that large funds remain optimistic about the market outlook.
• Potential Risks: The US spot Bitcoin ETF experienced net outflows on November 6th, while market sentiment shifted to "fear," with concentrated liquidations of leveraged long positions. These factors could exacerbate short-term market volatility.
The funding rate for Dash coin contracts is too exaggerated. As long as the bulls hold on, the funding rate payment from so many bulls cannot withstand; 1.6% payment in just 8 small hours; if it continues like this, it will be 5% in a day; it's too exaggerated, unheard of!
If you don't greedily take a bite of meat, you can eat long-lasting rice
南洋z
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The market never pulls punches, it tests the patience and wisdom behind every decision. The core of trading is not to capture every fluctuation, but to learn self-control and master the rhythm.
Every decision, is backed by countless self-dialogues and reflections.
True masters, know how to remain calm in fear, and stay clear-headed in the face of greed.
The market offers opportunities, but what truly brings wealth, is a profound understanding of oneself and fearless execution.
Sticking to one's own rules amidst complexity, is the secret to long-lasting success.
Recently, there have been several妖币 ICP, AIA, BLUAI You can pay attention to these, but there's no bullish sentiment; one can only say that unusual events often have妖 #加密市场回调 $ICP $AIA $BLUAI {alpha}(560xed9ae3def8d6f052971bb8b6d1975ff267cf9aad) {alpha}(560x48a18a4782b65a0fbed4dca608bb28038b7be339) {spot}(ICPUSDT)