Circle burned 50 million USDC on Ethereum.
My personal approach to stablecoin data is that a single burn has limited significance; what matters is the net direction over a week. Sustained burns alongside a decrease in the stablecoin balance on exchanges suggest that liquidity is leaving.
$BTC Current price: 75781.85. Which direction are you more bullish on?
#BTC
My personal approach to stablecoin data is that a single burn has limited significance; what matters is the net direction over a week. Sustained burns alongside a decrease in the stablecoin balance on exchanges suggest that liquidity is leaving.
$BTC Current price: 75781.85. Which direction are you more bullish on?
#BTC
