Wrapped Bitcoin supply drops to negative after 11,500 wBTC burn linked to Celsius
Wrapped Bitcoin garnered DeFi traders’ support in the 2021–22 bull season, but the demand started to fade when numerous crypto contagions led to redemptions.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Wrapped Bitcoin garnered DeFi traders’ support in the 2021–22 bull season, but the demand started to fade when numerous crypto contagions led to redemptions.
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This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
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