Clues to where money is flowing:
Circle burned 50 million USDC on Ethereum.
Burns usually correspond to redemptions; it’s only worth watching for a contraction in liquidity if they happen repeatedly.
It may be worth keeping an eye on $BTC .
I could be wrong too, so don’t take this as advice.
Circle burned 50 million USDC on Ethereum.
Burns usually correspond to redemptions; it’s only worth watching for a contraction in liquidity if they happen repeatedly.
It may be worth keeping an eye on $BTC .
I could be wrong too, so don’t take this as advice.