Liquid Network releases 3,996 BTC after L-BTC burn, risking peg discount when peg-outs reopen
macro
Liquid released 3,996 BTC after an L‑BTC burn, increasing available BTC supply tied to the Liquid peg. If peg-outs reopen, holders may redeem L‑BTC for on‑chain BTC, risking a widening discount on the Liquid peg as sell pressure and arbitrage flows materialize. For Bitcoin this raises the prospect of short‑term added sell-side supply and increased volatility as redeemed BTC hit spot markets.
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