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Analysis: As the price of BTC falls, the supply of USDC continues to decrease

Analysis: As the price of BTC falls, the supply of USDC continues to decrease

Bitget2024/10/09 13:18

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.

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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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