Circle burned 50 million USDC on Ethereum.
When I look at stablecoin data, I generally think a single burn means little; what matters is the net direction over a period of time. Repeated burns combined with declining stablecoin balances on exchanges are what indicate funds are leaving.
$BTC is currently at 83456.25. Which side are you on? Share your thoughts.
Personal notes only; not a specific recommendation to trade.
When I look at stablecoin data, I generally think a single burn means little; what matters is the net direction over a period of time. Repeated burns combined with declining stablecoin balances on exchanges are what indicate funds are leaving.
$BTC is currently at 83456.25. Which side are you on? Share your thoughts.
Personal notes only; not a specific recommendation to trade.