🐋 Is the firepower pulling out? 90 million USDC burned on Ethereum.
Stablecoin burns indicate funds are being redeemed for fiat and exiting. Watch whether buying pressure in the market weakens.
$BTC Keep a close eye on it.
Net issuance over a week is more telling than a one-off move.
#BTC
This is not investment advice. Make your own trading decisions.
Stablecoin burns indicate funds are being redeemed for fiat and exiting. Watch whether buying pressure in the market weakens.
$BTC Keep a close eye on it.
Net issuance over a week is more telling than a one-off move.
#BTC
This is not investment advice. Make your own trading decisions.