cirBTC Borrowing on Morpho Tops $190 Million as Arc Liquidity Tightens

Borrowing against cirBTC on Morpho has exceeded $190 million as liquidity on Arc tightens. The increase points to stronger demand for leveraged exposure or funding against cirBTC, while reduced Arc liquidity may make borrowing conditions more constrained. This could raise utilization and liquidation sensitivity in the cirBTC lending market, though the available reporting does not establish a broader effect on Bitcoin markets.