Is the ammunition retreating? 50 million USDC burned on Ethereum.
Stablecoin burns indicate funds are being redeemed for fiat and exiting the market. Watch whether buying pressure weakens.
$BTC Watch the market reaction first.
A single issuance has limited impact; a sustained trend is more meaningful.
@Binance BiBi
Stablecoin burns indicate funds are being redeemed for fiat and exiting the market. Watch whether buying pressure weakens.
$BTC Watch the market reaction first.
A single issuance has limited impact; a sustained trend is more meaningful.
@Binance BiBi
