Codelco profits and capital flees: $1.3 bn in USDT leaves Binance US 🚀
On Monday, Nansen detected a net outflow of 1,312 million USDT from the Binance blockchain to addresses of US exchange platforms, the largest in a month. This spike coincides with the release of Codelco’s results, which showed surging net income and EBITDA despite an 11% drop in production. Mining investors are liquidating their dollar positions and putting those funds into crypto to protect themselves from copper and peso volatility. In my view, this move marks the start of a capital rotation from traditional mining to the digital ecosystem. Will you ride the wave, or wait for the next shock?
#OnChain #FlujosEEUU #Codelco #CryptoChile #WallStreet
This is not financial advice. Verify before investing.
On Monday, Nansen detected a net outflow of 1,312 million USDT from the Binance blockchain to addresses of US exchange platforms, the largest in a month. This spike coincides with the release of Codelco’s results, which showed surging net income and EBITDA despite an 11% drop in production. Mining investors are liquidating their dollar positions and putting those funds into crypto to protect themselves from copper and peso volatility. In my view, this move marks the start of a capital rotation from traditional mining to the digital ecosystem. Will you ride the wave, or wait for the next shock?
#OnChain #FlujosEEUU #Codelco #CryptoChile #WallStreet
This is not financial advice. Verify before investing.
