Circle burned 50 million USDC on Ethereum.
When I look at stablecoin data, I generally think of a single burn as just a clue. What matters is the cumulative trend over time. Sustained burns, combined with a decline in stablecoin balances on exchanges, indicate that liquidity is moving out.
$BTC Current price: 82160.84. Leave a comment with your prediction, and we’ll check back later to see who was right.
Guys, the best time to pay attention is while a hot trend is brewing. Follow Chain Alliance for insights to help you get ahead.
When I look at stablecoin data, I generally think of a single burn as just a clue. What matters is the cumulative trend over time. Sustained burns, combined with a decline in stablecoin balances on exchanges, indicate that liquidity is moving out.
$BTC Current price: 82160.84. Leave a comment with your prediction, and we’ll check back later to see who was right.
Guys, the best time to pay attention is while a hot trend is brewing. Follow Chain Alliance for insights to help you get ahead.