🇧🇷🚨 BRAZIL ELECTION SHOCK:

CORPORATE CRYPTO VOLUME SURGES 865%

📰 THE FACT:

Institutional capital in Brazil went into a frenzy following President Lula's unexpected re-election.
USDT volume on Mercado Bitcoin skyrocketed by nearly 800%, while Bitcoin volume surged 865%.

💼 TREASURY FLIGHT:

Corporate accounts drove 78% of the weekend volume, using crypto to hedge their treasuries while traditional banking channels were closed.

📉 TRADFI BLOODBATH:

The move materialized as the benchmark Ibovespa stock index crashed -14% (worst day since 2020) and the US dollar jumped +8% against the Brazilian Real (largest daily gain since 1999).

📊 RELATED ASSETS:

1️⃣ $USDT / $USDC
(Corporate dollarization tools)
2️⃣ $BTC
(Macro store of value)

3️⃣ BRL (Local currency under heavy debasement)

#Brazil #USDT #bitcoin #Ibovespa #MacroEconomics #BinanceSquare