BD71KAMAL

Circle has increased its USDC supply by 250 million on the Solana network. According to Foresight News, this expansion was monitored by Whale Alert at 19:20. The move is part of Circle's ongoing efforts to enhance liquidity and support the growing demand for USDC in the cryptocurrency market.

According to BlockBeats, CoinKarma recently stated on social media that the cryptocurrency market has returned to an internal competition phase, with internal factors now playing a crucial role in short-term price fluctuations. In the absence of significant external capital influx, the market is primarily driven by the circulation of internal funds, with short-term price changes largely influenced by the flow of these funds and overall liquidity changes. CoinKarma has observed signs of a shift in the behavior of some internal funds following a period of market consolidation.

The USDC/USDT premium index turning positive indicates a premium of USDC over USDT, reflecting a noticeable reduction in selling pressure on the BTC/USDT trading pair. The overall market liquidity indicator, which reflects the weighted liquidity level of the entire market, is resonating with the USDC/USDT premium index. This suggests a high probability of forming a bottom rebound structure in the short term. However, the medium to long-term outlook remains bearish, and caution is advised regarding the potential impact of sustained selling pressure.