#onchain #stablecoins The reserve of the three largest stable | CRYPTO COACHING α |BINANCE SPOT & BYBIT FUTURES|
#onchain #stablecoins
The reserve of the three largest stablecoins on Spot Exchange is very gloomy
USDC USDT BUSD.
The most significant drop was USDC from its peak of $1.9B in May when Bitcoin dropped to 25K-28K, then $1.3B in June when BTC fell to 19K, now only 268M.
It is highly possible that US Whales and Institutions spent USDC coins on buying Bitcoin at lows, but the important thing is that the reserve exchange of the other two stablecoins does not seem to have any big spike over the past eight months. That proves that individual investors / retailers are not interested in buying and holding more.
