Is the firepower pulling out? 50 million USDC burned on Ethereum.
Stablecoin burns indicate that funds are being redeemed for fiat and exiting the market. Watch to see whether buying pressure weakens.
$BTC is worth keeping an eye on.
There is usually a time lag between burns and coin prices, so don't jump to conclusions.
Not investment advice. Don't follow this trade.
Stablecoin burns indicate that funds are being redeemed for fiat and exiting the market. Watch to see whether buying pressure weakens.
$BTC is worth keeping an eye on.
There is usually a time lag between burns and coin prices, so don't jump to conclusions.
Not investment advice. Don't follow this trade.
