Is the firepower pulling out? 50 million USDC burned on Ethereum.
Stablecoin burns indicate funds are being redeemed for fiat and exiting. Watch to see whether buying pressure in the market weakens.
$BTC —let’s keep an eye on it for now.
Changes at the margin in liquidity often show up first in the stablecoin supply.
#BTC
Stablecoin burns indicate funds are being redeemed for fiat and exiting. Watch to see whether buying pressure in the market weakens.
$BTC —let’s keep an eye on it for now.
Changes at the margin in liquidity often show up first in the stablecoin supply.
#BTC
