đŠ $CRCL DOWNGRADED TO $38 â BUT WALL STREET HOLDINGS JUMPED 470% đ
Target: 38 đŻ
đ Morgan Stanley just flipped $CRCL to Underweight and slashed the price target from $106 to $38, citing a contracting USDC float and razor-thin reserve income sensitivity. The shift toward lower-margin transaction revenue only compounds the structural drag. đ
Yet the 13F disclosure tells a very different story â the desk's shares ballooned from 1.46M to 8.32M during Q2. That's a 470% position build while the public research arm turned bearish. đ One snapshot dates to June 30; the downgrade hit August 3. đŹ The real puzzle: where does that position stand today after the call? đ€
â ïž Not financial advice. Always manage your risk. đĄïž
đ·ïž #CRCL #Circle #Downgrade #InstitutionalMoney #Crypto
đŻ đŠ
Target: 38 đŻ
đ Morgan Stanley just flipped $CRCL to Underweight and slashed the price target from $106 to $38, citing a contracting USDC float and razor-thin reserve income sensitivity. The shift toward lower-margin transaction revenue only compounds the structural drag. đ
Yet the 13F disclosure tells a very different story â the desk's shares ballooned from 1.46M to 8.32M during Q2. That's a 470% position build while the public research arm turned bearish. đ One snapshot dates to June 30; the downgrade hit August 3. đŹ The real puzzle: where does that position stand today after the call? đ€
â ïž Not financial advice. Always manage your risk. đĄïž
đ·ïž #CRCL #Circle #Downgrade #InstitutionalMoney #Crypto
đŻ đŠ