Circle burned 50 million USDC on Ethereum.
My personal rule of thumb when looking at stablecoin data: a single burn doesn’t mean much; look at the cumulative trend over time. Persistent burns combined with falling stablecoin balances on exchanges are a stronger sign that funds are leaving the market.
$BTC Current price: 79903.5. What signal are you waiting for before making a move?
@Binance BiBi
My personal rule of thumb when looking at stablecoin data: a single burn doesn’t mean much; look at the cumulative trend over time. Persistent burns combined with falling stablecoin balances on exchanges are a stronger sign that funds are leaving the market.
$BTC Current price: 79903.5. What signal are you waiting for before making a move?
@Binance BiBi
