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A comment on $500M liquidated from the crypto market in the past 24 hours. Parent comment

Re:$500M liquidated from the crypto market in the past 24 hours by searealist on Monday June 13, 2022 @12:13AM (#31721019)
Because it would be reflected in the price of the crypto-currency it fled to. What crypto-currency is up in the last 24 hours?
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Re:$500M liquidated from the crypto market in the past 24 hours by tatertots1234 on Monday June 13, 2022 @03:10AM (#31722228)
Users can migrate to USDC and other stablecoins rather than only fiat.
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Re:$500M liquidated from the crypto market in the past 24 hours by searealist on Monday June 13, 2022 @04:02AM (#31722564)
same thing
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Re:$500M liquidated from the crypto market in the past 24 hours by tatertots1234 on Monday June 13, 2022 @04:44AM (#31722811)
Not really.

“Everybody is exiting crypto for another type of crypto” wouldn’t be much of a headline.

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Re:$500M liquidated from the crypto market in the past 24 hours by searealist on Monday June 13, 2022 @12:49PM (#31728105)
USDC is a essentially fiat.
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