Deep Dive
1. Post-Delisting Liquidity Shift (Mixed Impact)
Overview:
OKX delisted USTC spot pairs on September 29, 2025, halting deposits on September 22. While initially bearish, the 24h price rise suggests reduced panic selling as low-conviction holders exited, leaving a leaner supply pool.
What this means:
Delistings often trigger short-term volatility, but the 2.26% uptick implies a stabilization phase. With $4.03M 24h volume (down 4.7% from prior), liquidity remains thin, amplifying price swings.
What to watch:
USTC’s accessibility on remaining exchanges and whether volume rebounds post-OKX withdrawal suspension (December 22).
2. Oversold Technical Conditions (Bullish Catalyst)
Overview:
USTC’s RSI14 hit 37.42 on October 2, nearing oversold territory (below 30). The MACD histogram (-0.0000745) showed slowing bearish momentum, coinciding with a bounce from the $0.01056–$0.01414 Fibonacci range.
What this means:
Traders interpreted the oversold RSI and proximity to the 78.6% retracement level ($0.01133) as a buying opportunity. However, resistance at the 50-day SMA ($0.01225) remains a hurdle.
What to watch:
A sustained break above $0.01225 could signal further upside, while failure risks retesting $0.01056.
3. Burn-Driven Supply Reduction (Long-Term Neutral)
Overview:
The Terra Classic community burned 165,497 USTC in the week ending August 19, 2025, part of a broader effort to reduce the 6.09B circulating supply.
What this means:
While burns marginally improve USTC’s supply/demand dynamics, the 24h price move lacked direct correlation to recent burn activity. Long-term viability hinges on larger burns or utility-driven demand.
What to watch:
Proposals like USTC staking or repeg initiatives, which could reignite investor interest.
Conclusion
USTC’s 24h gain reflects technical relief after OKX-driven sell-offs, not fundamental strength. Traders capitalized on oversold signals, but weak volume and macro downtrends (-49% YoY) limit optimism.
Key watch: Can USTC hold above its 7-day SMA ($0.01109) to confirm short-term bullish momentum?