$CRCLB 🔴 BEARISH
According to CryptoSlate, circle's stablecoin handled 36 trillion worth of transactions in the first half of the year, yet the company retained only seven cents for every dollar it earned in revenue.
Circle's massive 36T transaction volume in H1 demonstrates strong USDC network utility, but the disclosed 7-cent margin on every revenue dollar signals thin profitability, which investors in CRCLB — Circle's equity-linked instrument — may be reassessing given the stock's current decline and below-average trading volume suggesting reduced buyer participation.
CRCLB at 82.23 — -3.84% in 24 hours, volume ×0.34 of average.
Anyone catching this, or is everyone waiting for the floor?
📉 #Altcoins #Crypto $GTC $EIGEN
According to CryptoSlate, circle's stablecoin handled 36 trillion worth of transactions in the first half of the year, yet the company retained only seven cents for every dollar it earned in revenue.
Circle's massive 36T transaction volume in H1 demonstrates strong USDC network utility, but the disclosed 7-cent margin on every revenue dollar signals thin profitability, which investors in CRCLB — Circle's equity-linked instrument — may be reassessing given the stock's current decline and below-average trading volume suggesting reduced buyer participation.
CRCLB at 82.23 — -3.84% in 24 hours, volume ×0.34 of average.
Anyone catching this, or is everyone waiting for the floor?
📉 #Altcoins #Crypto $GTC $EIGEN