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Burning 50,000,000 USDC on the Ethereum network by the USDC Treasury means that these coins have been permanently removed from circulation, and it often indicates: What does this burn mean? 1. Reduction in circulating supply: When USDC is burned, the number of coins available in the market is reduced, which may lead to stabilization or even an increase in the price of the currency if demand remains steady or increases. 2. Demand counterpart: USDC is usually burned when users convert their digital currencies into real dollars (cash out), meaning that someone has withdrawn 50 million dollars from the system. 3. Signal of a significant movement from an institution or investment entity: This large volume may be the result of liquidating funds or restructuring liquidity by a major institutional entity. Is it positive or negative? Neutral to negative in the short term: If this money has indeed left the digital market (i.e., converted into cash), it may indicate a decline in confidence or a desire to exit the market. Positive from the perspective of supply discipline: Reducing supply in an orderly manner demonstrates the treasury's commitment to transparency and monetary discipline. #ETH #BTC #AltcoinETFsPostponed #BinanceAlphaAlert
Burning 50,000,000 USDC on the Ethereum network by the USDC Treasury means that these coins have been permanently removed from circulation, which often indicates: What does this burn mean? 1. Reduced circulating supply: When USDC is burned, the number of coins available in the market is decreased, which may lead to stabilization or even an increase in the coin's price if demand remains steady or increases. 2. Demand counterpart: USDC is usually burned when users convert their digital currencies into real dollars (cash withdrawal), meaning that someone withdrew 50 million dollars from the system. 3. A signal of significant movement from an institution or investment entity: This large volume may be the result of liquidating funds or restructuring liquidity by a large institutional entity. Is it positive or negative? Neutral to negative in the short term: If this money has indeed left the digital market (i.e., converted to cash), it may indicate a decline in confidence or a desire to exit the market. Positive from the perspective of supply discipline: Reducing supply in an organized manner demonstrates the treasury's commitment to transparency and monetary discipline. #ETH #BTC #AltcoinETFsPostponed #BinanceAlphaAlert
There is a possibility of an AUCTION. It may drop to 11 dollars or 12. That would be a clearance.
ياسـر
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$AUCTION Although I warned about the drop yesterday, due to the many questions.. the currency has a downward correction to 23.90 and it might reach 11.90 If the correction ends, I wrote about it..
Analysis of how much it will drop today and when. How much it will rise and when.
Crypto_ Expert
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From highest profit to highest loss $AUCTION In 2021 it reached $70+ and dropped to $7.0 Two days ago it reached $68+ and today there is a sharp decline. The process will repeat approximately every 4 years.
Can you tell me what number it will reach in the decline?
Donsty
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Don't buy $AUCTION now the huge dip coming soon.
This is my analysis ❤️😊 just as usual,you decide yourself 👍☑️ base on information provided. I am not in a position to tell you to buy or sell that is why I share detail analysis to my followers..you decide based on what you think is right.
In trading, a change of character (CHoCH) is a phenomenon that refers to a significant shift in the market movement that often signals a potential reversal of the trend direction. Traders often look for a change of character when monitoring an asset’s price trends. Once it is identified, they enter into an appropriate position to capitalise on the trend reversal.
What do you see? Will it rise again in a short time or will it drop? Tell me.
TeeWildRift
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$AUCTION current price 49.479, after reached 68 (highest in history) then fallen down to clear long positions. It is now low open interests, short positions 64%.
For who already sell short, your liquidation price < 67, your future wallet will burn out soon, take profit and quit.
As I can see it would rise again, I also recommend to sell short.
Entry: 67.2 - 67.4 Target: I think 68 is highest price so consider to hold long time. Leverage: x3-x5 Liquidation price: at least 85, if you don't have enough, don't trade please.
Note: - Priotize to take profit, don't be greedy. - This signal is not for new trader. - Folow this signal you accept loss money. Sell short at high price is never wrong in current situation as much more traders loosen money and not too much can bet on short