Ripple just rolled out institutional minting for $RLUSD and expanded to five more chains this week. Sounds bullish, right?
Nope. Monthly transfer volume dropped 25%.
People are hoarding it, not using it. It's sitting in wallets like a reserve asset, not circulating as actual money. Classic stablecoin adoption problem — infrastructure grows, but real economic activity doesn't follow.
If nobody's moving it, what's the point of all that infrastructure?
$BTC I've been watching Bitcoin around the $64K area today, and I think a lot of the discussion is focused on the wrong thing.
Most of the attention is on whether BTC can reclaim $65K, but I'm more interested in what's happening beneath the price action.
Across several timeframes, the order book still shows stronger sell-side interest than buy-side interest. Normally, you'd expect that kind of imbalance to lead to a much sharper decline. Instead, Bitcoin has continued to hold within a relative...