It turns out the strategy of clearing out $CRCLB yesterday was right:
1. Yesterday, $CRCL fell 11.41%, more than Coinbase’s 10%, Bitmine’s 8%, and Strategy’s 5%.
2. The reasons include not only the successful rollout of the mainnet catalyst, but also clear issues with the proposed bill. The hardest hit was CRCL, the one that’s most “benefiting from U.S. regulatory compliance.”
3. Be alert about ARC: the market’s pre-sale valuation is about $3.0 billion. For Circle, this is a future fundraising instrument; for ecosystem participants, it’s an unissued airdrop with suspense.
I’m already out of the market, waiting for this wave of “sell the facts” and the discounting after regulatory hopes fall through—then I’ll see if 80 can hold and whether I can pick up again.
1. Yesterday, $CRCL fell 11.41%, more than Coinbase’s 10%, Bitmine’s 8%, and Strategy’s 5%.
2. The reasons include not only the successful rollout of the mainnet catalyst, but also clear issues with the proposed bill. The hardest hit was CRCL, the one that’s most “benefiting from U.S. regulatory compliance.”
3. Be alert about ARC: the market’s pre-sale valuation is about $3.0 billion. For Circle, this is a future fundraising instrument; for ecosystem participants, it’s an unissued airdrop with suspense.
I’m already out of the market, waiting for this wave of “sell the facts” and the discounting after regulatory hopes fall through—then I’ll see if 80 can hold and whether I can pick up again.
