📉USDC circulation decreased by about $900 million in the past week, and market sentiment is slightly nervous. At the same time, BlackRock IBIT had a net inflow of $43.2 million yesterday, indicating that some investors are still actively deploying. Santiment pointed out that this decline is similar to that in early July, but the enthusiasm for buying on dips is not as good as before. QCP Capital believes that the US government's transfer of BTC, Mt.Gox and Genesis repayments have jointly triggered panic selling pressure. It is worth noting that XRP Ledger on-chain transaction volume fell by 65.6% in Q2 2024. What do you think? Feel free to share your views in the comment section! 💬