From a token-flow perspective:
Circle burned 50 million USDC on Ethereum.
Burns generally correspond to funds being redeemed for fiat. It’s only worth worrying about liquidity tightening if they happen repeatedly.
$BTC is worth keeping an eye on.
Markets are risky; trade with caution.
Circle burned 50 million USDC on Ethereum.
Burns generally correspond to funds being redeemed for fiat. It’s only worth worrying about liquidity tightening if they happen repeatedly.
$BTC is worth keeping an eye on.
Markets are risky; trade with caution.