Market overview on June 16
📌 24-hour price movements:
- BTC fluctuated very slightly yesterday, did not kill Long Short => the liquidated amount was low.
- The move to mint 1 billion USDT at support brought expectations to the market. The market is a bit green but the recovery percentage is not too significant.
- More than $126 million in stablecoins were withdrawn from exchanges in the last 24 hours; The number of stablecoins on CEX has continuously decreased by 7 billion USD since April 24.
📌 Strongest increase/decrease:
- $UNI (+8.4%)
- $ENA (+6.4%)
- $NOT (+6.1%)
📌 Outstanding cash flows on Binance:
The market adjusted so there were no outstanding cash flows.
Source: HC capital
