Analysis: As the price of BTC falls, the supply of USDC continues to decrease
Analyst Benson Su's latest article points out that typically, when BTC prices decline and USDC supply increases, it's seen as a bottom signal. However, this time, the USDC supply continues to decline even as BTC moves down.
“Not a good sign," added Benson Su.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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