Circle stock crashed from $280 to $77
a brutal 72% drop in just one year
Meanwhile:
TVL just printed a new ATH of $3B
revenue: $6.8B (Top 2 in crypto)
market cap: $19B
$75B USDC issued by @circle
raised $2.22B, backed by @BlackRock
price went down
fundamentals went up
One thing most people missed:
In the last 30 days,
BlackRock holdings dropped by 43K bitcoin:native
Fidelity holdings dropped by 53K bitcoin:native
that's nearly 96,000 BTC moved or sold
yet somehow, everyone is blaming Saylor
feels like we're already sitting in one of the best risk/reward zones in years
alts are so cheap rn it's hard to imagine another 50% down in many of them
but if btc nukes and alts get cut in half again
that's a gift