Is capital 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.
$BTC Keep a close eye on it.
Stablecoin data is more reliable when viewed alongside net inflows to trading platforms.
#BTC
Stablecoin burns suggest funds are being redeemed for fiat and exiting. Watch to see whether buying pressure in the market weakens.
$BTC Keep a close eye on it.
Stablecoin data is more reliable when viewed alongside net inflows to trading platforms.
#BTC