Circle burned 52.74 million USDC on Ethereum.
When I look at stablecoin data, I generally treat a single burn as just a clue; what matters is the cumulative trend over a week. Sustained burns combined with declining stablecoin balances on exchanges indicate that funds are flowing out.
$BTC Current price: 81798. If it moves in the opposite direction next, what will you do?
#BTC
When I look at stablecoin data, I generally treat a single burn as just a clue; what matters is the cumulative trend over a week. Sustained burns combined with declining stablecoin balances on exchanges indicate that funds are flowing out.
$BTC Current price: 81798. If it moves in the opposite direction next, what will you do?
#BTC