Circle destroyed 50 million USDC on Ethereum.
My habit when looking at stablecoin data is this: a single burn is just a clue; the key is the net direction over a week. Continuous burns combined with a decline in stablecoin balances on exchanges further suggest that liquidity is leaving.
$BTC current price is 82516.01. Which direction are you more bullish on?
#BTC
Personal perspective, not necessarily accurate. Please use caution as a reference.
My habit when looking at stablecoin data is this: a single burn is just a clue; the key is the net direction over a week. Continuous burns combined with a decline in stablecoin balances on exchanges further suggest that liquidity is leaving.
$BTC current price is 82516.01. Which direction are you more bullish on?
#BTC
Personal perspective, not necessarily accurate. Please use caution as a reference.