Circle burned 50 million USDC on Ethereum.
When I look at stablecoin data, I generally think a single burn has limited significance. What matters is the cumulative trend over a week. Sustained burns alongside falling stablecoin balances on exchanges are a clearer sign that liquidity is withdrawing.
$BTC Current price: 83187.93. If it were you, would you make a move or wait a little longer?
#BTC
When I look at stablecoin data, I generally think a single burn has limited significance. What matters is the cumulative trend over a week. Sustained burns alongside falling stablecoin balances on exchanges are a clearer sign that liquidity is withdrawing.
$BTC Current price: 83187.93. If it were you, would you make a move or wait a little longer?
#BTC