🐋 Is the ammo pulling out? USDC burns $50 million on Ethereum.
Stablecoin burns suggest funds are being redeemed for fiat and exiting. Watch to see whether buying pressure in the market weakens.
Keep an eye on $BTC .
The issuer’s actions reflect demand, not price instructions.
Stablecoin burns suggest funds are being redeemed for fiat and exiting. Watch to see whether buying pressure in the market weakens.
Keep an eye on $BTC .
The issuer’s actions reflect demand, not price instructions.