The Nasdaq fell 1.25% last night, but $CRCLB rose 3.12% on Binance bStocks, with 24h trading volume of 21.79 million U, ranking second among bStocks 🧐
The Binance bStocks price is 82.52 USDT (Beijing time, 10-09 15:25). Circle's U.S. stock closed at $80.84 on October 8, putting the token price about 2% higher during market hours.
According to Investing.com, Circle executive Nikhil Chandhok filed Form 144, proposing to sell 26,668 shares worth about $2.12 million. He also sold shares once each in July, August, and September, which looks more like a planned monthly reduction in holdings than a sudden sell-off. The Q3 earnings report is scheduled for November 4.
Tonight's U.S. market open at 21:30 will be the key test:
1️⃣ If the stock holds above $81, the premium may find support, with the 24h high near 82.6 as the next hurdle.
2️⃣ If it falls back below $80, the premium will likely be erased, invalidating this view.
bStocks are tokens pegged 1:1 to stock prices and do not represent shareholder rights.
With AI stocks under pressure, why are stablecoin stocks attracting buyers instead—is it portfolio rotation or a premium driven by sentiment while markets are closed?
Sources: Investing.com, CNBC, Yahoo Finance
$CRCLB #美股 #Stablecoins
#Binance Square
⚠️ The above is a compilation of information and personal opinion, not investment advice. DYOR.
The Binance bStocks price is 82.52 USDT (Beijing time, 10-09 15:25). Circle's U.S. stock closed at $80.84 on October 8, putting the token price about 2% higher during market hours.
According to Investing.com, Circle executive Nikhil Chandhok filed Form 144, proposing to sell 26,668 shares worth about $2.12 million. He also sold shares once each in July, August, and September, which looks more like a planned monthly reduction in holdings than a sudden sell-off. The Q3 earnings report is scheduled for November 4.
Tonight's U.S. market open at 21:30 will be the key test:
1️⃣ If the stock holds above $81, the premium may find support, with the 24h high near 82.6 as the next hurdle.
2️⃣ If it falls back below $80, the premium will likely be erased, invalidating this view.
bStocks are tokens pegged 1:1 to stock prices and do not represent shareholder rights.
With AI stocks under pressure, why are stablecoin stocks attracting buyers instead—is it portfolio rotation or a premium driven by sentiment while markets are closed?
Sources: Investing.com, CNBC, Yahoo Finance
$CRCLB #美股 #Stablecoins
#Binance Square
⚠️ The above is a compilation of information and personal opinion, not investment advice. DYOR.